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20-01-2024
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If new technology replaces an existing product, and assuming price did not change,
Qd for that product would decrease?
Qd for that product would increase?
its supply curve would shift left?
its supply curve would shift right?

What is the Correct answer

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20-01-2024

If new technology replaces an existing product, assuming the price does not change, the correct answer is:

Qd for that product would increase.

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