Refer to the diagram, in which S1 and D1 represent the original supply and demand curves and S2 and D2 the new curves. In this market the indicated shift in supply may have been caused by i don't understand why the answer is this explanation :"the development of more efficient machinery for producing this commodity."
Refer to the diagram, in which S1 and D1 represent the original supply and demand curves and S2 and D2 the new curves. In this market the indicated shift in supply may have been caused by i don't understand why the answer is this explanation :"the development of more efficient machinery for producing this commodity."
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Refer to the diagram, in which S1 and D1 represent the original supply and
i don't understand why the answer is this explanation :"the development of more efficient machinery for producing this commodity."
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