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3 May, 07:06

Suppose that the technology used to manufacture laptops has improved. The likely result would be: Select one: a. an increase in supply of laptops. b. an increase in quantity supplied of laptops. c. a decrease in supply of laptops. d. a decrease in quantity supplied of laptops.

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  1. 3 May, 08:23
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    The answer to this question is B. An increase in quantity supplied of laptops

    Explanation:

    Supply is the amount of a given product or service that suppliers are willing to offer to consumers at a given price level at a given period

    One of the factor that affects supply is the level of technology available or used by the manufacturer. An increase in the level of technology will translate to an increase in the quantity supply by the manufacturer.

    Other factors that affect supply are, the price of the product or service, the price of related goods or services, the prices of production factors, the price of inputs, weather, government policies etc.

    Hence the correct answer is b. an increase in quantity supplied of laptops.
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