Answer:
The correct answer is option E.
Explanation:
Technological change implies a change in the level of technology. It can be both positive as well as negative. Positive technological change is called improvement or up-gradation in technology.
Technological improvement will help to produce the same level of output using fewer inputs or to produce more output using the same inputs.
A negative change in technology is called degradation in technology. It will cause a decline in the quantity of output that can be produced from a given quantity of inputs.
