Changes in Technology Over Time Will Result in

question 167

Multiple Choice

Changes in technology over time will result in

• A) a more inelastic supply curve.
• B) a more elastic supply curve.
• C) a unitary elastic supply curve.
• D) no change in the elasticity of supply.

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Definitions:

Jurisdiction

The authority given to a legal body, such as a court, to administer justice within a certain geographic area or over certain types of legal cases.

Public Health Cigarette Smoking Act

A 1970 law in the United States that banned cigarette advertisements on television and radio.

Smokeless Tobacco Health Education Act

A federal law enacted in the United States to regulate the advertising and promotion of smokeless tobacco products and to mandate health warnings.

Tobacco Industry

A sector of the economy that manufactures, markets, and distributes tobacco products.