$($C$)3$

$($D$)0$

Question $38$

A new technology is developed that makes mining for gold less costly$.$ The result is $\_\_\_$ equilibrium price and quantity of gold.

$26$ OF $41$ QUESTIONS REMAINI

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QUESTIONS REMAINIT

$($D$)0$

Question $38$

$1$ Point

higher; lower

$($B$)$ lower; lower

$($C$)$ lower; higher

$($D$)$ higher; higher

Question $39$

A new product comes out that has better quality than the old product, and has a lower manufacturing cost. What is the impact $0$ the product using the subplv and demand model?

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