An Improvement In Production Technology Will _____.
(a) shift the supply curve to the right
(b) shift the supply curve to the left
(c) cause an upward movement on the supply curve
(d) cause a downward movement on the supply curve.
An improvement in production technology will (a) shift the supply curve to the right
Microeconomics provides the framework by which individual economic agents can allocate resources well and can achieve their end means efficiently.
This branch of economics only deals with the individual level, whether it is the individual consumer, individual producer, or individual market.