a. shift the demand curve to the left
b. shift the supply curve to the right
c. shift the supply curve to the left
d. move along the supply curve
1
Expert's answer
2017-02-24T07:10:22-0500
An improvement in technology shifts the supply curve outward (to the right) because the cost to produce the good decreases, so they can make more products at a lower cost for any given quantity.
Shifting the curve outward would decrease the price and increase quantity sold. In a perfectly competitive market, the profit will always be at 0, where the demand and supply curve intersect. So, the right answer is b. shift the supply curve to the right
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