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Other Fields Homework Help Economics Topic started by: Hpreet796 on Mar 3, 2019



Title: If other factors remain unchanged, technological progress in producing good A definitely will lead to
Post by: Hpreet796 on Mar 3, 2019
If other factors remain unchanged, technological progress in producing good A definitely will lead to

• a decrease in the market clearing price of good A and an increase in the equilibrium quantity of good A.

• an increase in the market clearing price of good A and a decrease in the equilibrium quantity of good A.

• a decrease in both the market clearing price and the equilibrium quantity of good A.

• an increase in both the market clearing price and the equilibrium quantity of good A.


Title: If other factors remain unchanged, technological progress in producing good A definitely will lead to
Post by: Jax on Mar 3, 2019
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