State Whether the Following Statements Are True Or False: Due to the Use of Modern Production Technique Supply Will Decrease. - Economics

State Whether the following statements are TRUE or FALSE:

Due to the use of modern production technique supply will decrease.

Solution

3. False, due to the use of modern production technique supply will not decrease.
Explanation:
Due to the use of modern production technique supply will infact increase. This is because the use of new technology makes the co

Concept: Market Supply

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2009-2010 (March)

Q 1.2.3 Q 1.2.2 Q 1.2.4

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State Whether the Following Statements Are True Or False: Due to the Use of Modern Production Technique Supply Will Decrease. - Economics

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