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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

State Whether the following statements are TRUE or FALSE: 

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

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Solution


3. False, ​due to the use of modern production technique supply will not decrease.
Explanation:
D​ue 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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