An increase in the use of labor-saving technologies will shift a product's supply curve to the right.

Name: An increase in the use of labor-saving technologies will shift a product's supply curve to the right.
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Question

Quizplus · Accepted Answer

Labor-saving technologies increase productivity and efficiency, leading to a decrease in the cost of production. This will cause producers to be willing to supply more of the product at every price level, shifting the supply curve to the right.

An Increase in the Use of Labor-Saving Technologies Will Shift