Question

question 5
1 pts
an increase in technology will shift the...

• demand curve to the left
• supply curve to the right
• supply curve to the left
• demand curve to the right

Explanation:

In economics (a subfield of Business), an increase in technology typically allows producers to produce more goods or services at each price level. This is a non - price factor that affects supply. An increase in supply is represented by a rightward shift of the supply curve. Demand curve shifts are caused by factors like changes in consumer income, tastes, or the price of related goods, not technology. So an increase in technology shifts the supply curve to the right.

Answer:

B. Supply curve to the right