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If other factors remain unchanged, technological progress in producing good A definitely will lead to

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If other factors remain unchanged, technological progress in producing good A definitely will lead to

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.

Textbook

Economics Today: The Micro View

Edition: 19^th

Author: Miller

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