A new manufacturing technology makes it easier to make the
product and causes a shift in the supply curve. What is the new
equilibrium point after implementing the new technology? (Hint:
Determine which direction a easier production shifts the supply
curve and use that direction to pick the resulting equilibrium
point.)
O $6 and 20,000
O $4 and 30,000
O $6 and 30,000
O $4 and 20,000