Fiveable
Fiveable

A technological advancement leads to a significant increase in the efficiency of production for a particular good. What is the likely effect on consumer surplus?




© 2024 Fiveable Inc. All rights reserved.

AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.


© 2024 Fiveable Inc. All rights reserved.

AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.