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how would an improvement in technology affect the supply or demand of a…

Question

how would an improvement in technology affect the supply or demand of a good? demand would decrease and shift to the left. demand would increase and shift to the right. supply would decrease and shift to the left. supply would increase and shift to the right.

Explanation:

Brief Explanations

Improved technology often reduces production costs and increases efficiency for producers. This enables them to produce more of a good at each price level, thus increasing supply and shifting the supply - curve to the right. Technology does not directly affect demand.

Answer:

Supply would increase and shift to the right.