Question

Technical improvements cause production costs to decline, which causes ( demand , supply , income ) to increase and prices to ( increase , decrease , stay the same ) Decreased unemployment causes consumer incomes to ( increase , decrease , stay the same ) , which causes ( demand , supply , prices ) to increase

Answer 1

Answer:

supply; decrease

increase; demand

Explanation:

If the production costs decline, producers are able to manufacture more products with the same amount of money which means that the supply increases and when the amount of products offered increases, the price tends to decrease.

If the unemployment decreases, more people have jobs and salaries which means that consumer income increases and if people have more money, they are more willing to buy things which causes the demand to increase.