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AP Microeconomics
Unit 2 – Supply and Demand
Topic 2.7
A technological advancement leads to a significant increase in the efficiency of production for a particular good. What is the likely effect on consumer surplus?
Consumer surplus remains unchanged
Consumer surplus decreases
The effect cannot be determined without additional information
Consumer surplus increases
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AP Microeconomics - 2.7 Market Disequilibrium and Changes in Equilibrium
Key terms
Consumer Surplus
Efficiency of production
Technological advancement
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About Fiveable
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CCPA Privacy Policy
Resources
Cram Mode
AP Score Calculators
Study Guides
Practice Quizzes
Glossary
Crisis Text Line
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© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.
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