Production And Costs
Advertisement
Zigya App

What effect does a cost saving technological progress have on supply curve?

The supply curve will shift rightward.
422 Views
  • Switch
    • Advertisement

    What is meant by law of supply?

    Answer
    Due to improvement of technology, marginal costs of production of televisions have gone down. How will it affect the supply curve of television?
    Answer
    What is meant by change in quantity supplied?
    Answer
    What is meant by change in supply?
    Answer
    First 1 2 3 Last
    Advertisement