Question

The demand curves for both goods "E" and "F" slope downwards-and-to-the-right. Assume the government installs a price floor in the market for good "E" at the equilibrium price and a price ceiling in the market for good "F" at the equilibrium price. Now, if there is a technological advance in the production of both goods then the market price of good "E" will (increase / no change/decrease) and the market price of good "F" will (increase / no change/decrease).

A. Not change; decrease.

B. Decrease; decrease.

C. Increase; not change.

D. Not change; increase.

E. Decrease; not change.