An increase in technology would cause the aggressive supply curve to shift left. false
True
False. An increase in technology would typically cause the supply curve to shift right, not left. Technological advancements often lead to increased productivity and efficiency in production processes, resulting in higher levels of supply at every price level. As a result, the supply curve shifts to the right, indicating a larger quantity supplied at each price.
Actually, an increase in technology would cause the supply curve to shift right, not left. This is because technological advancements can improve production efficiency and reduce costs, which allows businesses to supply more goods and services at the same or lower prices.
To understand this concept, it is helpful to have a basic understanding of supply and demand curves. The supply curve shows the relationship between the price of a good and the quantity that producers are willing and able to supply at that price. A shift to the right means that producers are willing to supply more goods at each price level. On the other hand, a shift to the left means that producers are willing to supply less at each price level.
When technology improves, it usually allows businesses to produce more output with the same amount of inputs or resources. This could be achieved through advancements in machinery, automation, or better production processes. As a result, the cost of production decreases, and businesses are able to supply more goods at each price level. This shift of the supply curve to the right represents an increase in supply.
So, to summarize, an increase in technology generally causes the supply curve to shift right, not left, as it allows businesses to produce more efficiently and supply more goods and services.