If there is an improvement in the technology used to produce a good, then the supply curve for that good will shift to the left.

Name: If there is an improvement in the technology used to produce a good, then the supply curve for that good will shift to the left.
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Question

Quizplus · Accepted Answer

An improvement in technology makes production more efficient, typically leading to an increase in supply, which shifts the supply curve to the right.

If There Is an Improvement in the Technology Used to Produce