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Using the knowledge gained during your study prepare an answer to the following topic:
Critically discuss how a new technology impacts the equilibrium in product markets. Also, elaborate on the potential implications of this technology on the economy as a whole.
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The assignment deals with the impact that the introduction of the new technology in the vehicle industry and how it would impact the demand and the supply of the industry has been rightly explained and stated.The assignment explores the micro and the macroeconomics separately and the impact of the new technology usage has been presented separately for both aspects.The new technology impacted the vehicle industry to what extent and how it has been impacting the industry as a whole has also been explored.
lecture 7 and 8 attached make sure the assignment quality is really good. the student wants to score 80 mark in the assignment. so plz make it really good one. attached are lesson 7 and lesson 8 needed for the assignment. so plz refer them and do the needful.
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