There is a technological improvement in the production of good X. As a result, the _______ curve for good X will shift resulting in a(n) _ in the equilibrium price of X and a(n) ______ in the equilibrium quantity of X. Group of answer choices

There is a technological improvement in the production of good X, As a result, the supply curve for good X will shift resulting in a decrease in the equilibrium price of X and increase in the equilibrium quantity of X

What is Technology Improvements?

Technology Improvements can be regarded as the improvements as well as enhancements, in production of a particular product.

In the production of a particular product X , once supply curve for good X shift, it will result in a decrease in the equilibrium price .

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There is a technological improvement in the production of good X. As a result, the _____________ curve for good X will shift ____________ resulting in a(n) _____________ in the equilibrium price of X and a(n) ____________ in the equilibrium quantity of X. Group of answer choices

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What is Technology Improvements?

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There is a technological improvement in the production of good X. As a result, the _______ curve for good X will shift resulting in a(n) _ in the equilibrium price of X and a(n) ______ in the equilibrium quantity of X. Group of answer choices