A Technological Advancement for Good a Will Shift the ________

question 46

Multiple Choice

A technological advancement for Good A will shift the ________ curve of Good A to the ________,making the equilibrium price ________.

• A) demand; left; decrease
• B) supply; right; increase
• C) demand; right; increase
• D) supply; left; increase
• E) supply; right; decrease

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Definitions:

Juan de Fuca Ridge

A tectonic plate boundary located off the coast of the Pacific Northwest region of North America, characterized by seafloor spreading and volcanic activity.

Hot Spot

A region with significantly higher temperature than its surroundings, often related to volcanic activity or environmental anomalies.

Seismic Activity

The frequency, type, and size of earthquakes experienced over a period of time in a particular area, often measured to assess and monitor earth movements.

Sulfur Dioxide

A toxic gas with the formula SO2, produced by volcanic eruptions and industrial processes, and a precursor to acid rain.