If Other Factors Remain Unchanged, Technological Progress in Producing Good

Multiple Choice

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

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