When Production Technology Improves, Supply Increases and the Equilibrium

question 181

Multiple Choice

When production technology improves, supply increases and the equilibrium

• A) price and quantity increase.
• B) price and quantity decrease.
• C) quantity rises and the equilibrium price falls.
• D) quantity falls and the equilibrium price rises.

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Definitions:

Lacto-Ovo-Vegetarians

Individuals who avoid meat, fish, and poultry but consume dairy products and eggs.

Dairy Products

Foods produced from the milk of mammals, such as cheese, yogurt, and butter, which are sources of nutrients like calcium, vitamin D, and protein.

Plant Foods

Foods derived from plants, including vegetables, fruits, grains, seeds, and nuts, known for their health-promoting nutrients and fiber.

Nutritional Choices

Refers to the selection of foods and beverages that provide necessary nutrients for maintenance of health and well-being.