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1) The technology for making boats increases

Economics

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1) The technology for making boats increases. What happens to the price and quantity of boats?

a. The price of boat decreases and the quantity increases

b. The price of boats increases and the quantity decreases

c. The price of boats decreases and the quantity decreases

d. There is a surplus

e. none

2.The cost of making boats increases. What happens to the price and quantity of boats?

a.The price of boats decreases and the quantity increases

b.The price of boats increases and the quantity decreases

c.The price of boats decreases and the quantity decreases

d. There is a surplus

e. None

3. Which of the following will not change supply?

a. The price of the good its self

b. coast

c. Technology

d. Number of Sellers

e. None