Economic Principles , Microeconomics

During the 1990s, technological advance reduced the cost of computer chips. Explain, with the use supply and demand diagrams, how the following markets are affected in terms of prices and quantities.
(a) Computers
(b) Computer software
(c) Typewriters
Posted Date: 11/12/2012 1:49:15 PM | Location : Kuwait







Related Discussions:- Economic Principles , Assignment Help, Ask Question on Economic Principles , Get Answer, Expert's Help, Economic Principles Discussions

Write discussion on Economic Principles
Your posts are moderated
Related Questions
What types of questions would concern microeconomics, versus macroeconomics? Microeconomics concerns itself with decision-making of individual consumers, firms  and other organ

concept of supply

Use a supply and demand diagram to help explain how a city council might help to decrease traffic congestion in the city during weekends. pointing out that demand happens d

ESTIMATION OF NATIONAL INCOME: In India, the first attempt to estimate national income and per capita income was made in the year 1867-68 by Shri Dadabhai Naoroji. This was fo

How would you convert from moles of iron(III) oxide to moles of carbon monoxide?

what is the energy of violet light with a frequency =7.50 x 10 to the 14 s-1

conditions for an abnormal supply curve

1. Cost minimizing firms must be profit maximizing as well. False, why??


Price elasticity of supply: It is the responsiveness of quantity supplied of a commodity to a change in the price of the commodity and measured as percentage change in quantit