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If a technological advancement significantly increases the production efficiency of a product, leading to an outward (rightward) shift in its supply curve, which of the
If a technological advancement significantly increases the production efficiency of a product, leading to an outward (rightward) shift in its supply curve, which of the following is most likely to happen in the market, assuming demand remains unchanged? O a. The equilibrium quantity demanded increases, but the equilibrium price decreases. O b. Both the equilibrium price and equilibrium quantity demanded decrease. c. The equilibrium price remains the same, but the aimslibrium quantity deman decreases. O d. The equilibrium quantity demanded remains the same, but the equilibrium increases
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