How does technological progress affect the supply curve of the firm? – InterviewSolution

1.	How does technological progress affect the supply curve of the firm?
Answer» The supply curve of the firm slopes upward from left to right indicating a direct relationship between price and quantity supplied. When there is technological progress, it will affect the supply. Now the firm will be in a position to produce and supply more output at the same price. Therefore the supply curve will shift towards the right side.

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