Solved

Suppose That a Newer Way to Produce a Good Is

Question 135

Multiple Choice

Suppose that a newer way to produce a good is discovered,which reduces production costs for the good.This will cause


A) no change in the supply curve,only a change in price.
B) a decrease in supply (a leftward shift of the supply curve) .
C) a movement up the supply curve.
D) a movement down the supply curve.
E) an increase in supply (a rightward shift of the supply curve) .

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q130: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7713/.jpg" alt=" FIGURE 3-5 Refer

Q131: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7713/.jpg" alt=" FIGURE 3-5 Refer

Q132: The supply and demand schedules for the

Q133: Suppose that in Montreal in December,2018,10 000

Q134: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7713/.jpg" alt=" FIGURE 3-4 Refer

Q136: In which statement is the term "supply"

Q137: The supply and demand schedules for the

Q138: Suppose that supply for some good increases

Q139: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7713/.jpg" alt=" FIGURE 3-5 Refer

Q140: A rightward shift in the supply curve