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What Is the Graphical Effect of Technological Change

Question 120

Multiple Choice

What is the graphical effect of technological change?


A) The SRAC curves would shift down and the LRAC curve would shift up.
B) The SRAC curves would shift up and the LRAC curve would shift down.
C) The SRAC curves and the LRAC curve would shift up.
D) The SRAC curves and the LRAC curve would shift down.

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