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Title: There is a technological advance in the production of a good and simultaneously Post by: Lauren1 on Nov 11, 2014 There is a technological advance in the production of a good and simultaneously also an increase in the expected future price. Which of the following will happen?
A) The equilibrium price will rise because the supply curve shifts rightward. B) The equilibrium price falls because the supply curve shifts leftward. C) The technological improvement shifts the supply curve rightward while the increase in the expected future price shifts the supply curve leftward. The net effect is not known. D) The demand curve shifts rightward and the supply curve does not shift. Title: Re: There is a technological advance in the production of a good and simultaneously Post by: MrDereche on Nov 15, 2014 Content hidden
Title: Re: There is a technological advance in the production of a good and simultaneously Post by: Lauren1 on Nov 17, 2014 Thank you, this really, really helps :heart:
Title: Re: There is a technological advance in the production of a good and simultaneously Post by: MrDereche on Nov 17, 2014 You're welcome!
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