Q. How does technological progress influence the
supply of a commodity?
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Answer:
Technological advances that improve production efficiency will shift a supply curve to the right. The cost of production goes down, and consumers will demand more of the product at lower prices. Computers, televisions and photographic equipment are good examples of the effects of technology on a supply curve.
Explanation:
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Answered by
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Explanation:
More good the technological progress more ease in production and cost too decrease!
As a result supply too increase!
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