If there is a technological advance in the production of the Amazon Echo smart speaker, you would expect to see _overtime. a rise in its equilibrium price a fall in the equilibrium quantity sold no change in its equilibrium price

With advancements in technology, the production of the Amazon Echo smart speaker becomes more efficient. This typically leads to a decrease in production costs, which can push the supply curve to the right. As a result, we would expect to see a rise in the equilibrium quantity sold because more units can be produced at lower prices, enticing more consumers to buy them. In the competitive marketplace, the increased supply and lower production costs usually lead to a decrease in the price of the Amazon Echo. This makes the product more accessible to a larger audience, thereby boosting its overall sales volume and market penetration. It's like a tech party where everyone wants to join in on the fun at a lower ticket price!