Question: There is technological change that increases labor productivity for the widget industry. a. Equilibrium quantity of widgets will increase and equilibrium price of widgets will

There is technological change that increases labor productivity for the widget industry. a. Equilibrium quantity of widgets will increase and equilibrium price of widgets will increase. b. Equilibrium quantity of widgets will decrease and equilibrium price of widgets will increase. c. Equilibrium quantity of widgets will increase and equilibrium price of widgets will decrease. d. Equilibrium quantity of widgets will decrease and equilibrium price of widgets will decrease. e. Cannot be determined from given information

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