(Answered) The development of new technology typicallyB. reduted profitsb. results in a downward moverneth…

➤ When will technology cause only a movement along the supply curve instead of a shift?
You get a movement along the supply curve when the market price of the good changes and firms respond by supplying more or less. A technological improvement causes a supply shift, not a movement, because it changes production capability at every price rather than changing the price itself.