Technological Change and Supply
If a firm adopts a new production technology that significantly reduces its labor costs, what is the most likely effect on the supply of its product?
A
Increase in supply.
B
Decrease in demand.
C
No change in supply.
D
Decrease in supply.
Question Leaderboard
| Rank | |||||
|---|---|---|---|---|---|
| #1 | tim14032009 | 1 | 1 | 0m 00s | 100 |
| #2 | airabansal2020 | 1 | 1 | 0m 09s | 91 |
| #3 | prishaprishaprisha | 1 | 1 | 0m 13s | 87 |
| #4 | omarhalabi1971 | 1 | 1 | 0m 22s | 78 |
| #5 | sophia.pederson08 | 1 | 1 | 0m 25s | 75 |
| #6 | 2157010113duy | 1 | 1 | 0m 35s | 65 |
| #7 | Demeyl.28 | 1 | 2 | 1m 22s | 8 |
| #8 | mingshunjin989 | 1 | 1 | 1m 40s | 0 |
| #9 | thesaeed011 | 1 | 1 | 1m 49s | -9 |
| #10 | holysmurfacc4 | 0 | 1 | 0m 00s | -10 |
Items per page:
10
1 – 10 of 15