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Question
Fill in the blank.
If the market supply of a commodity X changes due to improvement in technology, the market supply curve will ___________.
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Solution
If the market supply of commodity X changes due to improvement in technology, the market supply curve will shift rightwards.
RELATED QUESTIONS
Explain the difference between "Shift of Supply Curve" and "Movement along Supply Curve". State one factor responsible for each. Use diagrams.
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(Choose the correct alternative)
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