4146EconomicsMedium
An increase in productivity should?
ALead to an expansion of supply
BLead to a shift in supply outwards (i.e more supplied at each and every price)
CLead to a contraction of supply
DLead to a higher equilibrium and lower equilibrium quantity
Correct answer
B. Lead to a shift in supply outwards (i.e more supplied at each and every price)
Explanation
The correct answer is Lead to a shift in supply outwards (i.e more supplied at each and every price).