Over the Past Decade Technological Improvements That Have Lowered the Cost

question 459

Multiple Choice

Over the past decade technological improvements that have lowered the cost of producing an automobile have increased

• A) both the supply and the demand for automobiles.
• B) the supply but not the demand for automobiles.
• C) the demand but not the supply of automobiles.
• D) neither the supply nor the demand for automobiles.

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