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Use the following to answer questions:
Figure: Demand, Supply Shifts Use the following to answer questions: Figure: Demand, Supply Shifts   -(Figure: Demand, Supply Shifts)  In the figure, the initial demand curve is D<sub>1</sub> and the initial supply curve is S<sub>1</sub>. If technological innovations lower the costs of production, what will happen? A)  D<sub>1 </sub>will shift to D<sub>3 </sub>and equilibrium price and equilibrium quantity will increase. B)  S<sub>1 </sub>will shift to S<sub>2</sub> and equilibrium price will increase but equilibrium quantity will decrease. C)  D<sub>1 </sub>will shift to D<sub>2</sub> and equilibrium price and equilibrium quantity will decrease. D)  S<sub>1</sub> will shift to S<sub>3</sub> and equilibrium price will decrease but equilibrium quantity will increase.
-(Figure: Demand, Supply Shifts) In the figure, the initial demand curve is D1 and the initial supply curve is S1. If technological innovations lower the costs of production, what will happen?

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The initial part or start of something, such as a project, story, or period of time.

Middle and End

Phases or segments of a process, story, or event following the beginning, where development occurs and conclusions are drawn.

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