Suppose That a Newer Way to Produce a Good Is

question 135

Multiple Choice

Suppose that a newer way to produce a good is discovered,which reduces production costs for the good.This will cause

• A)no change in the supply curve,only a change in price.
• B)a decrease in supply (a leftward shift of the supply curve).
• C)a movement up the supply curve.
• D)a movement down the supply curve.
• E)an increase in supply (a rightward shift of the supply curve).

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Definitions:

Eclectic

Incorporating ideas, styles, or concepts from a broad and diverse range of sources.

Psychological Theories

Systematic frameworks for understanding, predicting, and often altering human behavior and mental processes.

Therapeutic Methods

Techniques or strategies used in therapy to treat psychological disorders and improve mental health.

Therapeutic Alliance

The collaborative and trusting relationship between a therapist and client, crucial for effective therapy.