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Assume that Ford Motor Company engineers achieve a revolutionary technological advance in the production process of automobiles

Economics

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Assume that Ford Motor Company engineers achieve a revolutionary technological advance in the production process of automobiles. Which of the following events would you expect to occur?

A. A movement up along an existing supply curve for Ford automobiles

B. A movement down along an existing supply curve for Ford automobiles

C. A shift inward of the supply curve for Ford automobiles

D. A shift outward of the supply curve for Ford automobiles

E. No change in supply