If Other Factors Remain Unchanged, Technological Progress in Producing Good

Multiple Choice

If other factors remain unchanged, technological progress in producing good X definitely will lead to

A) an increase in the market clearing price of good X and a decrease in the equilibrium quantity of good X.
B) an increase in both the market clearing price and the equilibrium quantity of good X.
C) a decrease in the market clearing price of good X and an increase in the equilibrium quantity of good X.
D) a decrease in both the market clearing price and the equilibrium quantity of good X.