Multiple Choice
Refer to the above table. A technological advance lowers production costs such that the quantity supplied increases by 60 units of this product at each price. As a result of this technological change,
Equilibrium output in this market
A) decreased by 60 units.
B) increased by 60 units.
C) increased by 30 units.
D) decreased by 30 units.
Correct Answer:

Verified
Correct Answer:
Verified
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