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

Q: What causes the changing of data points in the initial demand curve?

A: Answer: Introduction: The demand curve shows the inverse relationship between the price of a good…

Q: Does a change in technology lead to a shift in the demand curve? Why, or why not? Your answer cannot…

A: Actually in the given question the change in technology or the technological progress always allows…

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

A: Solving with the help of graph

Q: During the 1990s, technological advance reduced the cost of computer chips. how do you think this…

A: During the 1990s, due to technological advancements, the cost of computer chips reduced, which means…

Q: Can the supply and the demand both shift?

A: Demand is the total volume of goods and services for which the customers are willing to purchase at…

Q: Choose any business.  If you worked for that business, what major factors would stimulate the demand…

A: The major factors that would affect the demand or stimulate the demand are as follows: Price plays…

Q: What is the slope of the given supply curve?

A: Supply Curve: - supply curve is the graphical way of showing the relationship between the quantity…

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: In her article for Slate, Glaser (2017) suggests that consumers are willing to pay any price for the…

A: Although the reports suggest that consumers are  willing to pay any price for the latest Apple…

Q: What best explains a shift in market supply curve to the right?

A: To find : Shift in market supply to right.

Q: Explain why a supply curve slopes upward

A: supply is defined as the quantity of goods that the producers decide to sell in the market at any…

Q: Write the equation for the 45 degree line starting at zero. Is this line above or below the supply…

A: A line that shows fairness between the variable estimated on the upward pivot of a graph and the…

Q: Which of the following causes the demand curve to shift? A change in the price of inputs Technology…

A: Demand curve show the relationship between quantity demanded and price. According to the law of…

Q: In many areas, the cost of real estate is increasing at an increasing rate. Many homes are being…

A: In a dynamic, free market, the mortgage lenders compete to acquire customers, which either increases…

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: Explain using words and graphs of how the supply curve is derived( where do they come from)?

A: Supply curve grapically represents the correlation between cost of goods and quantity supplied.…

Q: Label each part of the supply and demand curve graph

A: Demand represents the volume of goods and services that the consumers are willing to purchase at…

Q: What if a t-shirt company ramped up production until there was a huge supply? What positive and…

A: A ramp up is a critical expansion in the degree of output of an organization's items or…

Q: What are the main shifters for the supply and demand curve?

A: The shift in supply and demand curve occurs due to other factors accept the price of the commodity.…

Q: What Is Lean Supply?

A: Meaning of Supply: Supply during a given period of time means the quantities of goods which are…

Q: Why would demand for steel may decline when demand for aluminum rises? What kind of relationship…

A:

Q: Suppose the demand curve for desktop computers shifts leftward and at the same time supply curve…

A: Given that the demand curve for desktop computers shifts leftward and at the same time supply curve…

Q: What happens to the supply curve when the price of the factor of production would rise?

A: A rise in the price of factors of production, is a part of other factors other than the price change…

Q: Enumerate the factors that affect a static supply schedule and explain them

A: Answer: The supply schedule refers to the Price of goods and services and the amount of those goods…

Q: Using the market supply graph, show the law of supply.

A: The law of supply states, ceteris paribus(keeping other things constant) when the price(P) of a good…

Q: What will be the effect of technology progress on equilibrium price?

A: # In the market, if there is a technological progress then this means that the suppliers would have…

Q: Define Shifts in supply. ?

A: Supply refers to the amount of the goods or services in the economy that are available for purchase…

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

A: The equilibrium price is determined at a level where demand and supply intersect: Equilibrium price…

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: In 1997 and 1998, the economy expanded, increasing the demand for labor and pushing up wages.…

A: The equilbrium price and quantity of a good sold in the market are determined by the forces of…

Q: When asked for investment advise, humorist Will Rogers joked that people should "buy land. They…

A: A person pronounces that there is a shortage of land in the market. Since, the quantity demand for…

Q: Supply as a function of the price of inputs and technology? Comment

A:

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: On the graph below click on the upper end point of the supply line S1 and drag it to the left by…

A:

Q: Do you think the level of technology available have an impact on the supply of a product? Using…

A: Level of technology and supply have direct relationship.

Q: price of land where coffee beans can be grown. the number of coffee drinkers. the popularity of…

A: In the above question with given options - each option has an impact on the supply of coffee in the…