quiz\nquestion 1 of 8\nwhat factor impacts a change in the quantity of a product or service?\npopulation…

quiz\nquestion 1 of 8\nwhat factor impacts a change in the quantity of a product or service?\npopulation increases\nadvertising campaign\ntechnology improvement\nhousehold income increases

quiz\nquestion 1 of 8\nwhat factor impacts a change in the quantity of a product or service?\npopulation increases\nadvertising campaign\ntechnology improvement\nhousehold income increases

Answer

Brief Explanations:

In economics, a change in the quantity of a product or service is mainly affected by its own - price. Among the given options, technology improvement can change the cost of production. If technology improves, producers can produce more at the same cost or produce the same amount at a lower cost, which can lead to an increase in the quantity supplied. Population increases affect demand in general, an advertising campaign affects demand by changing consumer preferences, and household income increases affect the purchasing - power and demand. But technology improvement directly impacts production and thus quantity.

Answer:

Technology improvement