A Productivity-Enhancing Innovation Has the Effect of

question 29

Multiple Choice

A productivity-enhancing innovation has the effect of

• A) shifting a supply curve to the right.
• B) shifting a supply curve to the left.
• C) shifting a demand curve to the right.
• D) shifting a demand curve to the left.

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Definitions:

Decals

Stickers or transfers, often decorative, that can be adhered to surfaces like windows, cars, or laptops.

Average Rate

A representative value that provides a typical rate or level of something based on aggregated data.

Depreciation Rate

The rate at which an asset loses its value over time, calculated for accounting and tax purposes.

Stem-And-Leaf Plot

A type of graph or data display that shows frequency; the numbers to the left of the vertical line (stem) represent the tens place digit; the numbers to the right of the vertical line (leaf) represent the digits in the ones place, in ascending order.