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What effect would a
"technological improvement"
have on the quantity of a
product in a Supply Curve?


A. The curve would shift from the right to
the left (S1 to S2).
B. The curve would shift from the left to the
right (S2 to S1).
C. The quantity of a product would remain
unchanged.
D. S1 and S2 would reverse their slope (up
and to the left).

Respuesta :

Parrain

When there is "technological improvement" the effect on the  quantity of a product in a Supply Curve is B. The curve would shift from the left to the right (S2 to S1).

What happens to the Supply Curve as a result of technological improvement?

When there is technology improvement, this means that the economy will be able to produce more goods and services with the same amount of resources that they have.

When there is an increase in the quantity produced, this means that there will be more supply in the economy. An increase in supply would affect the Supply curve such that it would move from the left to the right. This means that in this case, S2 would move to S1 on the right.

Find out more on the effects of technology on supply at https://brainly.com/question/1412393.

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