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Given a downward-sloping demand curve and an upward-sloping supply curve for a product, a technological innovation in making the product will a.decrease equilibrium price and

Given a downward-sloping demand curve and an upward-sloping supply curve for a product, a technological innovation in making the product will

a.decrease equilibrium price and quantity.

b.increase equilibrium price and decrease equilibrium quantity.

c.keep equilibrium price and quantity the same.

d.decrease equilibrium price and increase equilibrium quantity.

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