As the ________ interest rate increases, the quantity of loanable funds demanded ________

Suppose that a more efficient way to produce a good is discovered, thus lowering production costs for the good. This will cause: a. an increase in supply, or a rightward shift of the supply curve

b. a decrease in supply, or a leftward shift of the supply curve. c. an increase in quantity supplied, or a movement down the supply curve. d. a decrease in quantity supplied, or a movement up the supply curve.

In most businesses there is only one way to produce output

a. True b. False Indicate whether the statement is true or false