An improvement in a firm's technology that improves productivity results in a (n) : Group of answer choices downward movement along the supply curve. leftward shift of the supply curve. upward movement along the supply curve. willingness to supply a larger quantity than before at any given price.

Question

Business

Renee Chambers

27 November, 15:25

An improvement in a firm's technology that improves productivity results in a (n) : Group of answer choices downward movement along the supply curve. leftward shift of the supply curve. upward movement along the supply curve. willingness to supply a larger quantity than before at any given price.

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Answers (1)

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Maria Gill · Answer 1

The correct answer is letter "D": willingness to supply a larger quantity than before at any given price.

Explanation:

As a result of an increase in productivity as a result of introducing new technology, a company will be able to supply more units to the market. The price will vary according to supply and demand flows and the investment needed for the introduction and maintenance of the new technology.

Increases in productivity can be caused by technological progress, capital investment or human capital development.