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Economics: The Basics 1st Edition by Mike Mandel
Edition 1ISBN: 978-0071316026Economics: The Basics 1st Edition by Mike Mandel
Edition 1ISBN: 978-0071316026 Exercise 9
Here are some examples of new technologies and the markets they affect. Identify whether each of these is a supply or demand shift, and describe its impact on equilibrium price and quantity.
Explanation
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Verified
Technological change:
In case of techno...
Economics: The Basics 1st Edition by Mike Mandel
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