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Technological progress has reduce the cost of manufacturing MP3 players what happens if demand is unchanged?
Chimere234
More MP3 players will be sold at a lower price
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∙ 7y ago
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What happens to the price of an object when the demand is high?
The first basic law of supply and demand is: If demand increases and supply remains unchanged, a shortage occurs, leading to a higher equilibrium price. So the price goes up.
What happens to the supply and demand curve if new technology reduces the production cost of raw steel?
The demand curve will remain unchanged. The supply curve will increase due manufacturers being able to produce more raw steel for the same price. As a result, demand for raw steel will decrease, therefore the price level decreases.
What happens to the price if supply increases?
If the cost of supply falls for each unit of supply (a shift of the supply curve right), the change in price depends on the price elasticity of demand: Price is unchanged when price elasticity of demand is infinite. Price falls when price elasticity of demand is less than infinite.
When the percent change in quantity demanded is lower than the percent change in price demand is?
Answer: Nothing meaningful. Your question construction is badly formed. Note: Your question is NOT understandable. Put into equation form, you seem to be asking what happens when: Dq %chng < Dp % chng If both demands (i.e. Dq & Dp) are customer demands, then: if we use: Dq=10% < Dp=15% then we don't see anything useful from this comparison since we don't know if if either demand is increasing, decreasing, unchanged, or either are moving in opposite directions. IF you mean what happens to Dq if Dp does the following: - If Dp remains unchanged, then Dq will probably remain unchanged (unless a <= cost alternative becomes available). - If Dp is increased and there is no other suitable alternatives available, then Dq will likely decrease in the short term & then remain the same in the medium to long run until increase in population translate into higher demand. - If Dp is reduced, then Dq will likely increase as the new price becomes affordable to more buyers... until the market is saturated. At the point of market saturation, price become irrelevant because few people will buy more than 2 of anything (1 for use & 1 for a spare).
What happens when the US currency strengthens what happens to the euro?
everyone dies
What happens to catalyst used in a reaction?
It is unchanged by the reaction.
When a substance evaporates what happens to its mass?
Its mass is unchanged.
Kurzweil a technologistphilosopher says that a future point of unprecedented technological progress will occur as soon as 2023 ... a technological singularity Will this happen?
Yes, it will. 2023 is a bit early, the singularity itself should occur around 2045. humans tend to think of technological progress linearly. Until now, that has worked just fine, as we have been on the low end of the curve. But we are soon going to reach the second part of the curve, at which point technological progress will accelerate drastically. a word of warning: After this happens, purely biological humans will be able to have anything they want, save relevance. Computers will just be too smart. the philosophy of transhumanism basically amounts to: If you can't beat them, join them.
What happens to the alphabet on Christmas?
It remains intact, unchanged and in uninterrupted use.
What happens when beetroot juice is added to soda water?
The color is unchanged.
What happens to an atomic level when an element melts?
The atomic level is unchanged.
What happens to water volume when put salt into the water?
The volume remain unchanged.
What happens to water molecules when made into fog?
The water molecules remain unchanged.
What happens to a nichrome wire in a non-luminous flame?
The color of wire is unchanged.
What happens when there is a buffered mixture and you add an acid or a base to it?
The pH remain unchanged.
What happens to salt when it is fried along with flour?
Salt (sodium chloride) remain unchanged.
What happens to the temperatures of a pot of boiling water as the water evaporates?
The temperature remain unchanged.
