There Is a Technological Advance in the Production of Ice

Multiple Choice

There is a technological advance in the production of ice cream. As a result, the supply curve of ice cream shifts ________ and ________.

A) leftward; both the equilibrium price and equilibrium quantity fall
B) rightward; both the equilibrium price and equilibrium quantity fall
C) rightward; the equilibrium price falls while the equilibrium quantity increases
D) rightward; both the equilibrium price and equilibrium quantity rise