Ask
your own question, for FREE!
Economics - Financial Markets
11 Online
If a new lemon juicer is produced that is more efficient than human laborers, what will happen to supply of lemonade as a result?
Still Need Help?
Join the QuestionCove community and study together with friends!
The supply of lemonade will, ceteris paribus, increase. Since it is more efficient, the lemonade juicer will probably make more lemonade than humans at less cost. Therefore, more people will be willing and able to supply more lemonade. Since it's not due to the price, the supply curve will shift outwards (to the right) as more lemonade is produced. Hope this helps!!
Can't find your answer?
Make a FREE account and ask your own questions, OR help others and earn volunteer hours!
Join our real-time social learning platform and learn together with your friends!
Join our real-time social learning platform and learn together with your friends!
Latest Questions
VERNEISH:
Two objects are moving along separate linear paths where each path is described by position, d, and time, t.
Maci:
what are the best stock apps for people who want to start investing?
Twaylor:
genuienly how do i get better self control i keep watcing youtube and theres this
IzzyCookie:
|dw:1792074056138:dw| Uhm, I don't know where to ask this, but I'm in college welding at my community college, and I need help learning vertical welding for
thehearken:
not sure if this is considered spam, im sorry if it is, but does anyone have tips
9 hours ago
0 Replies
0 Medals
4 days ago
3 Replies
2 Medals
1 week ago
3 Replies
0 Medals
1 day ago
9 Replies
1 Medal
1 week ago
2 Replies
1 Medal