If a Technological Advance Lowers Production Costs Such That the
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question 11

Multiple Choice

$$\begin{array} { | c | c | c | } \hline \text { Price Per Unit } & \text { Quantity Supplied } & \text { Quantity Demanded } \\\hline \$ 10 & 100 & 295 \\\hline 11 & 150 & 275 \\\hline 12 & 190 & 250 \\\hline 13 & 220 & 220 \\\hline 14 & 245 & 180 \\\hline 15 & 265 & 135 \\\hline\end{array}$$ If a technological advance lowers production costs such that the quantity supplied increases by 60 units of this product at each price, the new equilibrium price would be

• A) $11.
• B) $12.
• C) $13.
• D) $14.

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Definitions:

Preschooler

A child who is in the age group typically between three to five years old, prior to commencing primary school.

Sleep needs

The necessary amount of sleep a person requires to function optimally, varying across age groups and individual needs.

NREM sleep

Non-Rapid Eye Movement sleep, which constitutes the majority of sleep time and is characterized by slower brain waves, reduced heart rate, and relaxed muscles.

Respirations

The act of breathing, which involves the inhalation and exhalation of air to facilitate gas exchange within the body.