Suppose That a Better Way to Produce a Good Is

question 58

Multiple Choice

Suppose that a better way to produce a good is discovered, thus lowering production costs for the good. This will cause

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

---

Definitions:

Disney

An American multinational entertainment and media conglomerate, known for its film studio, theme parks, and an array of media networks and products.

Holdings

Assets or properties owned by an individual or company, often used in the context of financial portfolios or the collections of libraries and museums.

Media Conglomerates

Large corporations that own a wide variety of media entities across television, publishing, movies, and the internet.

Century

A period of one hundred years, often used as a measure of historical time.