qi, Microeconomics

During the 1990s, technological advance reduced the cost of computer chips. Explain, with the use of supply and demand diagrams, how the following markets are affected in terms of prices and quantities.
(a) Computers (3 marks)

(b) Computer software (3 marks)

(c) Typewriters (3 marks)

Posted Date: 11/11/2012 12:08:05 PM | Location : Kuwait

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