Question 26 1 pt Suppose over the next several years the productivity of firms p

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Question 26 1 pt Suppose over the next several years the productivity of firms producing electric cars improves dramatically. The advance in productivity leads to O an increase in the supply of electric cars so that the supply curve shifts leftward O no change in the supply of electric cars, only a change in the quantity supplied of electric cars O an increase in the supply electric cars so that the supply curve shifts rightward O a decrease in the supply of electric cars so that the supply curve shifts rightward O a decrease in the supply of electric cars so that the supply curve shifts leftward

Explanation / Answer

Answer

Option 3

The increase in productivity increases the supply at lower costs and that shifts the supply curve to the right and the producers can supply the product at lower prices.

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