Start learning →

What is the primary market result of a technological advancement?

Aproduction cost rises
Bresource prices drop
Cmarket demand halves
Dproduct supply grows
Answer & Solution
Correct answer: D. product supply grows
Improved production technology lowers per-unit costs and increases market supply.
Practise this question with Quill — ICSE Class 10 →

Keep practising Markets and Theory of Supply

Browse all Markets and Theory of Supply questions for ICSE Class 10, or explore more Economics topics.

Start a Markets and Theory of Supply lesson →