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wrote...
Posts: 78
2 weeks ago
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.
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Economics Today: The Micro View
Edition: 19th
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Posts: 70
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2 weeks ago
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a decrease in the market clearing price of good A and an increase in the equilibrium quantity of good A.
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