How does technological progress affect the firms' supply curve? Option 1: Shift to the right. Option 2: Shift to the left. Option 3: Remain at same place. Option 4: Shift in vertical shape.

The answer is 'Shift to the right.'. View full solution:

CUET Economics - How does technological progress affect the firms' supply curve? | PYQs + Solutions

CUET Economics 2025 13 May Shift 1

Micro

Easy

Shift to the right.

Shift to the left.

Remain at same place.

Shift in vertical shape.

✅ Correct Option: 1

Related questions:

CUET Economics 30 May Shift 2

Choose the correct statements from the options given below in terms of the shapes of the short run cost curves.

(A) Average fixed cost curve is a rectangular hyperbola.

(B) Total fixed cost is horizontal straight line.

(D) Marginal cost is U shaped.

Choose the correct answer from the options given below:

CUET Economics 29 May Shift 2

Arrange the following statements in chronological order in respect to the impact of a unit tax on supply:

(A) Imposition of unit tax increases the price of commodities.

(B) Increased prices will lead to an increase in LRAC and LRMC.

(D) At any given market price, the firm supplies fewer units of output.

Choose the correct answer from the options given below:

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Match List-I with List-II

List-I	List-II
(A) Total Cost	(I) Change in total cost when an additional unit of output is produced.
(B) Marginal Cost	(II) Vertical summation of Average Fixed Cost (AFC) and Average Variable Cost (AVC) curves.
(C) Fixed Cost	(III) Explicit Costs + Implicit Costs.
(D) Short period Average Cost (AC) Curve	(IV) Does not change with increase or decrease in output.

Choose the correct answer from the options given below: