Any Improvement in Production Technology That Permits More of a Good

question 30

Multiple Choice

Any improvement in production technology that permits more of a good or service to be produced with the same level of inputs causes

• A)a rightward shift of the supply curve so that more is offered for sale at each price.
• B)a leftward shift of the supply curve so that less is offered for sale at each price.
• C)no movement of the supply curve,but a fall in price and a decrease in quantity supplied.
• D)a movement up the supply curve resulting in both a higher price and greater quantity supplied.

---

Definitions:

Security Agreement

A legal contract that outlines the terms under which personal property is used as collateral for a loan, securing the repayment to the lender.

Financing Statement

A financing statement is a document filed by a secured party to give public notice of their interest in the personal property of a debtor, used to perfect a security interest under the Uniform Commercial Code.

Repossession

The act of a creditor or lessor taking back goods or property from the debtor or lessee, usually due to failure to meet the terms of an agreement.

Default

Failure to fulfill a legal obligation, especially the failure to pay back a loan on time or to meet the terms of a contract.