The Increase in Technology Used to Produce a Good Would

question 81

Multiple Choice

The increase in technology used to produce a good would

• A)move its supply curve to the right.
• B)move its supply curve to the left.
• C)cause a movement along the supply curve to a (higher price, higher quantity)point.
• D)cause a movement along the supply curve to a (lower price, lower quantity)point.

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Definitions:

1912

Refers to a year notable for various historical events, such as the sinking of the RMS Titanic and the election of Woodrow Wilson as the President of the United States.

Significant Contenders

Individuals, teams, or entities considered to have a strong chance of winning a competition, election, or championship due to their skills, popularity, or resources.

Political Party

A group formed by people who have similar political ideologies and goals, working together to affect government decisions by having their candidates win elections and hold public office positions.

Coordinating Actions

The process of organizing activities or groups to ensure they work together effectively towards a common goal.