What happens to the supply curve when the there is advancement in technology

Q: Soft-drink firms produce both cola and flavored water. Which of the following events increases the…

A: Given data Increase in supply An increase in supply is defined as an increase in supply at the same…

Q: In what direction does the supply curve shift when technology is improved? Draw this curve.

A: Technology is an important determinant of supply. When technology is discovered, it reduces many of…

Q: Show the effect of the following event on the market for electric cars: A strike by aluminum workers…

A: The demand curve shows the relationship between the price of an electric car and quantity demanded…

Q: When excess demand exists for tickets to a major sporting event or a concert, profit opportunities…

A: Equilibrium in the market occurs when the quantity demand equals the quantity supplied in the…

Q: There is a market of computer i.e. there is some demand and supply of computer. Shown in a diagram…

A: Economics as a subject deals with the allocation of scarce resources among humans with unlimited…

Q: Does a change in producers’ technology lead to a movement along the supply curve or a shift in the…

A: Answer to the question is as follows :

Q: a drop in the cost of technology will cause?A a shift to the right of the supply curveB a shift to…

A: A decline in the cost of technology would decrease the total cost of production which would decrease…

Q: At the start of 2010 the UK was hit extremely As a cold weather including snow and ice. As result…

A: In economics, a supply curve is a graphic representation of the relationship between the price of a…

Q: happen if a company produce supply more than customer demand

A: When a company produce supply more than the consumer demand, then it is a situation of excess…

Q: Design Layoul determinant of supply caused the increase and decrease and show the supply curve shift…

A: Since you have requested help for question numbers 9,10 and 11, we are only posting answers for…

Q: Law of Supply Practice, Continued. 1. Circle the data sets that reflects the Law of Supply. Explain…

A: Law of supply states that when other things remain the same, increasing price leads to increases the…

Q: Which of the following does not shift the supply curve for marble rye?A) A change in the price of…

A: To determine the factor that does not shift the supply curve for Marble Rye.

Q: Make a graph to illustrate the effects of the following events on the supply curve and explain : a.…

A: Part: Baguio strawberry jams - a landslide occurs on the main roads leading out of the city: If a…

Q: What happens to the supply curve when prices of factor of production rises

A: Prices of factor of production have a huge role to play in the supply of a commodity. It affects the…

Q: 3. The price of tennis balls increases. 4. The wages of tennis racket factory workers decreases (but…

A: The demand curve shows the association between the amounts of commodity demanded by the consumer at…

Q: Which one of the following does not influence the supply of precast concrete walls? A. The demand…

A: Meaning of Demand and Supply: The term demand refers to the willingness of an individual to…

Q: c. More computers are produced and sold at the lower price than at the higher price. Does this mean…

A: It's been given that More computers are produced and sold at the lower price than at the higher…

Q: ​When there is an increase in supply the supply curve shifts to the ______________.

A: The market is an allocative mechanism which allocates the various goods and services by the…

Q: What happens to the supply curve when the there is advancement in technology

A: # The supply curve moves rightward when there is rise in supply and on the other hand when the…

Q: A Gremlin is a type of car. Suppose that the price of the Gremlin transmission (an input in…

A: When we are plotting a demand and supply schedule in a graph, The point of intersection between…

Q: IN ACADEMIC YEAR 2020/2021 UNIVERSITY STUDENTS MANDATES THAT ALL STUDENT MUST TAKE PRINCIPLES OF…

A: Demand for a commodity changes with change in consumer income, tastes and preferences, price of…

Q: When leather became more expensive, belt producers decre belts. When car production technology…

A: The law of supply is a central guideline of economic hypothesis which expresses that, keeping…

Q: A celebrity declares that drinking three coffees in the morning gives him the needed to do any job…

A: There are various determinants that affect the demand and supply curve of a good

Q: Define law of supply and also give four reasons for the right shift ward of supply curve

A: Supply curve is a graphical representation of the quantity of commodities or services supplied by…

Q: List the five things that are held constant along a market supply curve and identify the change in…

A: The supply curve depicts the relationship between the price and quantity of goods supplied at a…

Q: Which development would most likely cause the supply of a product to increase? O A. New technology…

A: Meaning of Demand and Supply: The term demand refers to the willingness of an individual to…

Q: e graph input tool to help you answer the following questions. You will not be scored on any changes…

A: Equilibrium is achieved at the output level where Qs equals Qd.

Q: Cream Factory manufactures vanilla ice cream and chocolate ice cream. There are times when vanilla…

A: When there is a change in the price of a good, the quantity demanded of that good changes. It leads…

Q: Carefully explain what is happening in the following markets.  Indicate the impact if any on demand,…

A: Substitutes-in-production refer to goods that can be produced using the same resources. The…

Q: All parts of this question pertain to the demand-supply graph below, showing the ) and supply (S)…

A: Price ceiling is the maximum price which can be charged by the firm. Or firm can not charge price…

Q: The graph shows the demand curve for smartphones and the supply curve of smartphones. Price (dollars…

A: Equilibrium price and quantity of smartphones will occur at a point where demand curve of…

Q: C. There have recently been some important cost-saving inventions in the A. Demand shifts out…

A: The supply curve shows the association between the price of commodity and quantity of the commodity…

Q: Decide if it is an increase (right shift) or a decrease (left shift) and write that next to the…

A: In a market, any change in technology will have a significant impact on the supply of output because…

Q: The following graph shows the monthly demand and supply curves in the market for calendars. Use the…

A: Equilibrium occurs when demand and supply intersect.

Q: a) Using the supply schedule given below, draw an accurately labelled supply curve. Also, comment on…

A: Law of supply refers to the direct or positive relationship between quantity supplied and prices,…

Q: Given the scarcity of semiconductors in the production of new cars, what is the effect on the supply…

A: Supply curve shows the positive relationship between the price and quantity supplied of good. It is…

Q: Consider the market for the wooden yoyo, if the price of wood increases... What's the change in…

A: Given: In the market of wooden yoyo, when the price of wood increases the changes in demand and…

Q: Supply Curve and give interpretations.

A: Supply and Supply Function : By supply it is meant that the amount of a commodity offered for sale…

Q: The following graph shows the monthly demand and supply curves in the market for calendars. Use the…

A: Equilibrium is achieved at the output level where quantity supplied equals quantity demanded.

Q: The supply of lettuce in the short run will be ________ than the supply in the long run and ________…

A: The supply is short run is less elastic as the production cannot be increased in shorter period…

Q: Carefully explain what is happening in the following markets. Indicate the impact if any on demand,…

A: University of the West Indies mandates that all students must take Principle of Economics as a core…

Q: Explain briefly what is a supply curve.

A: In a market, supply refers to the economic term used to explain the behavior of the producer who…

Q: On the next graph, show the effect of a movement along a fixed supply curve that results from an

A: As per ‘law of supply’ with the increase(↑) in price(P) of a good, the quantity(Q) supplied for that…