Technological change typically produces rightward shifts in market supply curves.

Here's why:

1. Technological change often leads to increased efficiency in production. This means that a company can produce more goods with the same amount of resources.

2. When a company can produce more goods, it can supply more to the market. This is represented by a shift to the right on the supply curve.

3. A rightward shift in the supply curve means that at every price level, a greater quantity is supplied. This is because the company can now produce and sell more goods at each price level due to the increased efficiency from the technological change.

So, the correct answer to your multiple choice question is "rightward shifts in".

Question

Technological change typically produces rightward shifts in market supply curves.

Here's why:

1. Technological change often leads to increased efficiency in production. This means that a company can produce more goods with the same amount of resources.

2. When a company can produce more goods, it can supply more to the market. This is represented by a shift to the right on the supply curve.

3. A rightward shift in the supply curve means that at every price level, a greater quantity is supplied. This is because the company can now produce and sell more goods at each price level due to the increased efficiency from the technological change.

So, the correct answer to your multiple choice question is "rightward shifts in".

Knowee AI · Accepted Answer

Technological change typically produces rightward shifts in market supply curves.

Here's why:

1. Technological change often leads to increased efficiency in production. This means that a company can produce more goods with the same amount of resources.

2. When a company can produce more goods, it can supply more to the market. This is represented by a shift to the right on the supply curve.

3. A rightward shift in the supply curve means that at every price level, a greater quantity is supplied. This is because the company can now produce and sell more goods at each price level due to the increased efficiency from the technological change.

So, the correct answer to your multiple choice question is "rightward shifts in".

Technological change typically produces _____ market supply curves.Multiple choice question.rightward shifts inmovement along

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Technological change typically produces _____ market supply curves.

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