Asked by Caitlin Saalfrank on Jun 24, 2024
Verified
The development of a new production technique that lowers the cost of producing 3-D movies will shift the supply curve of 3-D movies to the right.
Production Technique
A method or process used in the creation of goods or services, often involving tools, machinery, and technology.
- Learn the consequences of innovations and technological advances on supply and production costs.
Verified Answer
NF
Nathan FlaterJun 29, 2024
Final Answer :
True
Explanation :
A decrease in production costs makes it cheaper for companies to produce 3-D movies, leading to an increase in the quantity supplied at each price point, which is represented by a rightward shift in the supply curve.
Learning Objectives
- Learn the consequences of innovations and technological advances on supply and production costs.
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