Business, 21.05.2020 21:04 rae766

A new manufacturing technology makes it easier to make the product and causes a shift in the supply curve. What is the new equilibrium point after implementing the new technology? (Hint: Determine which direction a easier production shifts the supply curve and use that direction to pick the resulting equilibrium point.)

$6 and 20,000
$4 and 30,000
$6 and 30,000
$4 and 20,000

A new manufacturing technology makes it easier to make the product and causes a shift in the supply

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