An Improvement in a Firm's Technology That Improves Productivity Results

question 110

Multiple Choice

An improvement in a firm's technology that improves productivity results in a(n) :

• A) leftward shift of the supply curve.
• B) upward movement along the supply curve.
• C) willingness to supply a larger quantity than before at any given price.
• D) downward movement along the supply curve.

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Definitions:

Water Soluble

The ability of a substance to dissolve in water, forming a homogenous mixture.

Compound

A material composed of multiple elements chemically combined in a specific proportion.

Soluble

The ability of a substance to dissolve in a solvent, forming a homogeneous solution.

Hydrocarbon Alkane

Saturated hydrocarbons consisting only of single bonds between carbon atoms, with a general formula of CnH2n+2.