An improvement in technology will causeA) the supply to increase.B) the supply to decrease.C) the demand to increase.D) the demand to decrease.

Question

Tiffany Davis · Accepted Answer

Final Answer : A, Explanation :  An improvement in technology will result in a higher efficiency and lower costs of production for the suppliers, leading to an increase in the supply of goods and services. Therefore, choice A is the correct answer. The other options, i.e., B, C, and D, are not appropriate in this case.

An improvement in technology will cause

A) the supply to increase.
B) the supply to decrease.
C) the demand to increase.
D) the demand to decrease.

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Learning Objectives

Learning Objectives

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