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







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

Write discussion on qi
Your posts are moderated
Related Questions
explain the following disadvantages of amalgamation. Complex nature

You are interested in the outcomes of the children in your workload in general functioning and school performance, and whether they are related. As a result you decide to collect s

How the inflation effect on the Import and Export of the country?  When general price level enhances in an economy, local currency is devalued. Economy has to spend more on imp

3. You plan to sell a sunglasses clip that you can attach to a car''s sun visor. You can purchase the goods from a wholesaler at $2 a piece and there is an overhead cost of $500 pe

what is indifference curve''s theory and application

Input Substitution When the Input Price Change  Isoquants and Isocosts and Production Function The minimum cost combination can be written as: - Minimum cost

In June 2009, Textile co. (a domestically located firm) purchased 1000 yards of cloth from India (a foreign country) for $1000. Textile co. hired Elizabeth and paid her $5000 to s


define opportunity cost and how it is useful in managerial decision making?

Economic Growth: Economic Growth refers to an increase in real aggregate output (real GDP) reflected in increased real per capita income. A country is said to experience econo