Describe the following factors that may shift the supply curve:.
(a) changes in technology
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Factors that can shift the supply curve for goods and services, causing a different quantity to be supplied at any given price, include input prices, natural conditions, changes in technology, and government taxes, regulations, or subsidies.
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Current digital systems such as computers, smartphones, tablets and laptops have evolved over time. The typewriter was replaced by digital systems such as a computer and word processing software. Telephones have evolved over time into versions that are portable such as mobile phones and, more recently, smartphones.
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