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What is the Impact of the Level of Technology on Supply? - Economics

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प्रश्न

What is the impact of the level of technology on supply?

उत्तर

If producers make use of improved and advanced technology in their process of production, their cost of production will reduce. This enables the firm to increase the supply at the current price level.

shaalaa.com
Concept for Demand
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
2015-2016 (March)

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