kimbelt2003
kimbelt2003 kimbelt2003
  • 27-10-2020
  • Business
contestada

PLZ HELP this is Econ btw !!! How can technology as a determinant decrease supply? Explain or give
an example.

Respuesta :

aarav107 aarav107
  • 27-10-2020

Answer:

as we simply know the technology degradation will increase the cost of production and decrease the profit and when there will be less profit the supplier supplies less goods in the market

hence the supply will decrease.

vice versa in the case of technology improvement.

is it fine?

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