Managerial Economicsbasic
A change in production technology can shift the supply curve.
Answer
true
Explanation
### Why this is right
Technology is a supply determinant. A change in technology can alter what sellers are able or willing to produce at each price, shifting supply.
### The concept
A change in the good's own price changes quantity supplied along the existing curve. A change in production costs, productive capacity, technology, by-product prices, or weather can change supply itself.
### Remember
Own price moves along supply; production conditions can shift it.
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