Firms technology that decreases its production costs

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Reference no: EM131092374

A change in a firm's technology that decreases its production costs will result in:

a. a leftward shift of the supply curve.

b. an increase in demand.

c. a willingness and ability to supply a larger quantity at a lower price.

d. a reduction in price, therefore a reduction in profits.

e. none of the above.

Reference no: EM131092374

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