A Improvement in Production Technology Will Shift the
A improvement in production technology will shift the
A)supply curve to the right.
B)supply curve to the left.
C)demand curve to the right.
D)demand curve to the left.
An improvement in production technology will
A)increase a firm's costs and increase its supply.
B)increase a firm's costs and decrease its supply.
C)decrease a firm's costs and increase its supply.
D)decrease a firm's costs and decrease its supply.
If car manufacturers begin using new labor-saving technology on their assembly lines, we would not expect
A)a smaller quantity of labor to be used.
B)the supply of cars to increase.
C)the firms' costs to fall.
D)individual car manufacturers to move up and to the right along their individual supply curves.
Which of the following might cause the supply curve for an inferior good to shift to the right?
A)an increase in input prices
B)a decrease in consumer income
C)an improvement in production technology that makes production of the good more profitable
D)a decrease in the number of sellers in the market