An advance in technology causes
A) a rightward shift in the supply curve.
B) a leftward shift in the supply curve.
C) the supply curve to go from upward sloping to vertical.
D) the supply curve to go from vertical to upward sloping.

Question

Quizplus · Accepted Answer

An advance in technology typically increases production efficiency, reducing costs and allowing more of a good to be supplied at each price level, resulting in a rightward shift of the supply curve.

An Advance in Technology Causes