Answer to Question #210546 in Economics for Paballo

Question #210546

A technological advancement for Good A will shift the _________ curve of Good A to the _________, leading to a(n) ___________in the equilibrium price.

  •  A. supply; right; decrease
  •  B. supply; left; increase
  •  C. demand; left; decrease
  •  D. demand; right; increase
1
Expert's answer
2021-06-28T02:43:07-0400

A technological advancement for Good A will shift the supply curve of Good A to the right, leading to a decrease in the equilibrium price.

So, the correct answer is A.


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