a. shift to the right of the supply curve. b. movement up and right along the supply curve. c. movement down and left along the supply curve. d. shift to the left of the supply curve.

Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter7: Demand And Supply
Section: Chapter Questions
Problem 2AA
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A new technology that helps firms reduce production costs will cause a:
a. shift to the right of the supply curve.
b. movement up and right along the supply curve.
c. movement down and left along the supply curve.
d. shift to the left of the supply curve.
Transcribed Image Text:A new technology that helps firms reduce production costs will cause a: a. shift to the right of the supply curve. b. movement up and right along the supply curve. c. movement down and left along the supply curve. d. shift to the left of the supply curve.
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