How has the innovation of a new high-tech air brushing machine effected the market for T-shirts at the circus?
A
supply curve shift to the left, equilibrium quantity price decrease
B
demand curve shift to the right, equilibrium quantity decrease
С
supply curve shift the right, equilibrium quantity increase
D
demand curve shift to the left, equilibrium price decrease
If producers implement new more efficient technology in the production process, supply will increase and shift to the right. Thus increasing the equilibrium quantity