Asked by
travis mason
on Oct 12, 2024
Verified
Which of the following will cause an outward (rightward) shift of the supply curve for TVs?
A) A decrease in the price of TVs
B) An improvement in TV technology
C) An increase in the price of TVs
D) A decrease in the number of firms producing TVs
Supply Curve
A graph showing the relationship between the price of a good and the quantity supplied, typically illustrating that as the price increases, the quantity supplied increases.
TV Technology
The set of technical aspects that make up the systems and devices for the transmission and reception of television signals, including both hardware and software innovations.
- Master the knowledge of what drives shifts in supply curves.
- Assess how changes in technology affect supply dynamics.
Verified Answer
GC
Learning Objectives
- Master the knowledge of what drives shifts in supply curves.
- Assess how changes in technology affect supply dynamics.