-Assume That the Technology Used by Firms Improves

question 19

Multiple Choice

-Assume that the technology used by firms improves.As a result,supply shifts from _______ to ________ and the equilibrium price moves from __________ to __________.

• A) S2;S1;$30;$60
• B) S1;S2;$30;$60
• C) S2;S1;$60;$30
• D) S1;S2;$60;$30
• E) S1;S2;$60;$60

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Definitions:

Anterior Pituitary

The front part of the pituitary gland, which releases hormones that regulate several physiological processes, including growth and reproductive functions.

Hormones

Chemical messengers produced by glands in the body, transported by the bloodstream, to regulate physiology and behavior.

Posterior Pituitary

A part of the brain that releases hormones produced in the hypothalamus, including oxytocin and vasopressin.

Neurohormones

Chemical messengers that are produced by neurons and transported by the bloodstream to target distant organs.