because labor's or capital's productivity increases and costs of production fall
It changes supply by how much is bought. The more technology that is bought, the less supply there is. The less that is bought, the more supply there is.
Existing technology can fail or a better technology is invented
It doesn't, it use to much of it, think of all these websites, there run in a database, and it takes allot to run all those websites in just one database.
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supply
improved technology
the introduction of new technology
An increase in technology will cause a shift in supply curve due to lowered production costs. This increased supply will put downward pressure on prices, driving up quantity demanded.
when technology improves, PPC (production possibility curve ) will shift rightward and the total production in an economy will increase.
A increase in supply will be because of an: Increase in technology, change in production climates (positive change), cost of production decrease or increase in number of producers,changes in the prices of other goods and services, subsides.
A new technology allows producers to increase supply very quickly.
A new technology allows producers to increase supply very quickly
A new technology allows producers to increase supply very quickly.
i want answer of advance technology is boon or curse?
Increase Supply means to have more of a specific supply on hand.
It changes supply by how much is bought. The more technology that is bought, the less supply there is. The less that is bought, the more supply there is.
An increase in the supply is not represented by a movement up the supply cuve. A movement up supply curve is due to the increase in quantity supplied instead of the increase in supply. Alternatively, it can also be due to increase in the price of the goods that could lead to movement up the supply curve.