Question

Any change in technology and the availability and the quality of resources are likely to affect the ________ that producers are willing and able to supply to he market at every price.

A. Quantity
B. Quality
C. Type
D. Variety

Answer 1

An improvement in technology and the availability and the quality of resources are likely to affect the quantity that producers are willing and able to supply to the market at every price.

Step-by-step explanation:

An improvement in technology and the availability and the quality of resources is likely to affect the quantity that producers are willing and able to supply to the market at every price.

For example, if a new technology is introduced that makes production more efficient, it will lower the cost of production for producers. This will lead to an increase in the quantity of goods they are willing and able to supply at each price level.

Similarly, if the availability and quality of resources improve, producers will have access to better inputs for production. This can also lead to an increase in the quantity of goods they are willing and able to supply.