Question

7.
What impact might technological advancement have on the supply curve in a supply-and-demand graph?

Select {responseValue}
The curve will shift to the left.

Select {responseValue}
The curve remains unchanged.

Select {responseValue}
The curve will shift to the right.

Select {responseValue}
The curve cannot be determined.

Answer 1

The curve will shift to the right.

Explanation: Technological advancement increases productivity and lowers production costs, so suppliers can produce more at each price, shifting the supply curve rightward.