Question

How does:
A. Improvement in technology
B. Breakdown in technology
Affect supply?
Explain in two sentences

Answer 1

A. Improvement in technology can positively affect supply by increasing productivity and efficiency, leading to higher output and potentially lower costs of production.
B. Breakdown in technology can negatively affect supply by disrupting production processes, reducing efficiency, and causing delays or even halts in the supply chain, which can result in decreased supply availability.

Answer 2

In one sentence

Answer 3

Improvement in technology can increase supply through increased productivity and efficiency, while breakdown in technology can decrease supply due to disruptions in production processes and supply chain.

Answer 4

Show your answer in a graph

Answer 5

My apologies, but as a text-based AI model, I am unable to directly produce or display graphs. However, I can provide a verbal description of the relationships between technology and supply.

Answer 6

Ok, explain the effect of price on the demand if there is an increase in the price of a computer?

Answer 7

If the price of a computer increases, it generally leads to a decrease in demand, as consumers are less likely to purchase the product at higher prices and may seek alternatives or delay their purchases.