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A new machine makes the packaging of cake mixes more efficient. Which statement describes how this improvement in technology will affect the market for cake
mixes?
O Supply of cake mixes will decrease, and market price will decrease.
Supply of cake mixes will decrease, and market price will increase.
O Supply of cake mixes will increase, and market price will decrease.
O Supply of cake mixes will increase, and market price will increase.

Respuesta :

jaylinraffety07

Answer:

C: Supply of cake mixes will increase, and market prices will decrease

Explanation:

Since there is an improvement in the machinery, cake mixes will be produced faster meaning the production will increase. Since it is now made easier the cost of the product should go down. C makes the most since in this scenario

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