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If a Technological Advance Lowers Production Costs Such That the
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Question 11

Multiple Choice

 Price Per Unit  Quantity Supplied  Quantity Demanded $101002951115027512190250132202201424518015265135\begin{array} { | c | c | c | } \hline \text { Price Per Unit } & \text { Quantity Supplied } & \text { Quantity Demanded } \\\hline \$ 10 & 100 & 295 \\\hline 11 & 150 & 275 \\\hline 12 & 190 & 250 \\\hline 13 & 220 & 220 \\\hline 14 & 245 & 180 \\\hline 15 & 265 & 135 \\\hline\end{array} If a technological advance lowers production costs such that the quantity supplied increases by 60 units of this product at each price, the new equilibrium price would be


A) $11.
B) $12.
C) $13.
D) $14.

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