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Economics
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29 Oct 2020

If there is an innovation in production of laptops which enhances productivity, what will happen to the supply curve?

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Microeconomics
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Identify and Explain Factors affecting Demand and Supply
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Paramjeet Chawla
Paramjeet ChawlaLv8
29 Oct 2020

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Related questions

If technology improves in a way that enhances productivity of labor as a complement, and number of workers decreases, then demand will ____ and supply will ____

What happens to demand/ supply when there is an innovation revolution in the production process of good X?

3. In the context of questions 1 and 2 above.

3a. What are the market equilibrium price and quantity?

3b. What is the effect of a price ceiling of 16?

3c. What is the effect of a price floor of 24?

3d. What would happen (compared to 3a above) to the market equilibrium price and quantity, to the demand curve, and to the supply curve if there were a decrease in personal disposable income in the U.S.

3e. What would happen (compared to 3a above) to the market equilibrium price and quantity, to the demand curve, and to the supply curve if there were a management innovation which lowered the cost of making the product.

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