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What will a technological advancement do? O A. shift the demand curve to the left O B. shift the supply curve to the left O
What will a technological advancement do? O A. shift the demand curve to the left O B. shift the supply curve to the left O C. shift the supply curve to the right O D. shift the demand curve to the right Reset Selection What does the number of buyers affect? O A. the market demand curve O B. all individual supply curves O C. the market supply curve O D. production possibilities frontier What does the price elasticity of supply measure? 0 A. how much the quantity supplied responds to changes in input prices 0 B. how much the price of the good responds to changes in supply 0 C. how much sellers respond to changes in technology 0 D. how much the quantity supplied responds to changes in the price of the good Which concept is NOT illustrated by the production possibilities frontier? A. equity B. opportunity cost O C. tradeoffs O D. efficiency
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