An improvement in technology would shift

a. the demand curve leftward
b. the demand curve rightward
c. the supply curve leftward
d. neither the supply nor the demand curve; instead, there is movement along both of them
e. the supply curve rightward


E

Economics

You might also like to view...

Based on annual data from 2000-2010, the Gadget Company estimates that sales are growing according to a linear trend:

Q = 50,000 + 200t where t is time and t = 0 in 2000. a. Forecast sales for 2013. b. Do you see any problems with this forecasting method?

Economics

Other things being equal, demand is less elastic

A. the more substitutes a good has. B. the more expensive the good is. C. the longer is the time period for adjustment. D. the smaller the percentage of a total budget that a family spends on a good.

Economics

A game in which any gains within the group are exactly offset by equal losses by the end of the game is a

A) positive-sum game. B) zero-sum game. C) strategy. D) negative-sum game.

Economics

Owners claim residual income

Indicate whether the statement is true or false

Economics