Suppose that the technology used to manufacture laptops has improved. The likely result would be: Select one: a. an increase in supply of laptops. b. an increase in quantity supplied of laptops. c. a decrease in supply of laptops. d. a decrease in quantity supplied of laptops.

Question

Business

Finley Ferguson

23 October, 00:15

Suppose that the technology used to manufacture laptops has improved. The likely result would be: Select one: a. an increase in supply of laptops. b. an increase in quantity supplied of laptops. c. a decrease in supply of laptops. d. a decrease in quantity supplied of laptops.

+5

Answers (1)

Know the Answer?

Tania Bailey · Answer 1

The answer to this question is B. An increase in quantity supplied of laptops

Explanation:

Supply is the amount of a given product or service that suppliers are willing to offer to consumers at a given price level at a given period

One of the factor that affects supply is the level of technology available or used by the manufacturer. An increase in the level of technology will translate to an increase in the quantity supply by the manufacturer.

Other factors that affect supply are, the price of the product or service, the price of related goods or services, the prices of production factors, the price of inputs, weather, government policies etc.

Hence the correct answer is b. an increase in quantity supplied of laptops.