An Improvement in Technology Would Shift

question 61

Multiple Choice

An improvement in technology would shift

• A)the demand curve leftward
• B)the demand curve rightward
• C)the supply curve leftward
• D)neither the supply nor the demand curve; instead, there is movement along both of them
• E)the supply curve rightward

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Definitions:

Married

A legal and social status that signifies the union of two individuals, typically recognized by law, where they assume certain rights and duties.

Raw Material

Basic materials that are used in the production of goods, finished products, or intermediate materials that are feedstock for future finished products.

Statistics

The science of collecting, analyzing, interpreting, and presenting data.

Data

The facts and figures collected, analyzed, and summarized for presentation and interpretation.