Improved robot technology was recently incorporated into the process of producing automobiles. What will happen in the market for automobiles in the short-run? Answer questions 14 and 15 based on the...

Improved robot technology was recently incorporated into the process of producing automobiles. What will happen in the market for automobiles in the short-run?

Answer questions 14 and 15 based on the situation:

 _____ 14) Which of the following changes will occur:

a) Demand will increase

b) Demand will decrease

c) Supply will increase

d) Supply will decrease

_____ 15) Which of the following changes will occur:

a) Equiibrium price will increae and equilibrium quantity will increase

b) Equiibrium price will decrease and equilibrium quantity will decrease

c) Equiibrium price will decrease and equilibrium quantity will increase

d) Equiibrium price will increase and equilibrium quantity will decrease