Due to installation of machine with lastest technology, the cost of pr – InterviewSolution

1.	Due to installation of machine with lastest technology, the cost of production has decreased. It will lead to :A. Expansion is SupplyB. Increase in supplyC. Constractin in SupplyD. Decrease is supply
Answer» Correct Answer - B New technology will lead to reduction in costs and its profitable to supply more of that good and hence supply increases.

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