which-of-the-following-best-describes-the-effect-of-a-new-technology-that-double

Question

Which of the following best describes the effect of a new technology that doubles the efficiency of producing solar panels?

Accepted Answer

The PPF will shift outward on the axis representing solar panels, increasing their production capacity.

Answer

The PPF will remain unchanged as the technology only affects one good.

Answer

The entire PPF will shift outward, increasing the production capacity of all goods.

Answer

The PPF will shift inward on the axis representing solar panels, decreasing their production capacity.