Asked by Juanita Soriano on May 04, 2024
Verified
A technological advance in the production of automobiles will _____ the _____ automobiles.
A) decrease;demand for
B) increase;supply of
C) decrease;demand
D) decrease;supply of
Technological Advance
The improvement or innovation in technology that increases productivity, efficiency, or brings new products and services to the market.
Production of Automobiles
The process involving the design, manufacturing, and marketing of cars and other vehicles.
- Comprehend the influence of technological progress on the availability of goods.
Verified Answer
VM
Victor MakoriMay 10, 2024
Final Answer :
B
Explanation :
A technological advance in the production of automobiles will increase the supply of automobiles, as it will allow for greater efficiency and productivity in the production process. Therefore, more cars can be produced in less time and at a lower cost, resulting in a larger supply of cars.
Learning Objectives
- Comprehend the influence of technological progress on the availability of goods.
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