An Improvement in Technology Would Shift

question 61

Multiple Choice

An improvement in technology would shift

• A)the demand curve leftward
• B)the demand curve rightward
• C)the supply curve leftward
• D)neither the supply nor the demand curve; instead, there is movement along both of them
• E)the supply curve rightward

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Definitions:

Independent Variable

A factor in a model or study that is deliberately altered to examine its impact on the variable that is being measured.

Coefficient Of Determination

A statistical measure that determines the proportion of variance in the dependent variable predictable from the independent variable(s).

Dependent Variable

The variable in an experiment that is expected to change or respond when manipulated by the independent variable.

Coefficient Of Determination

A measure, usually denoted as R^2, that indicates the proportion of the variance in the dependent variable predictable from the independent variable(s).