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How do technology change supply?
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.
Name two ways that technology can advance?
Existing technology can fail or a better technology is invented
How can technology increase supply?
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.
How do you increase the video size of VisualBoy Advance?
zoom in
An improvement in technology is a factor that influences?
supply
What are the other causes of an increase in supply?
improved technology
Which factor might cause an increase in the supply of a product?
the introduction of new technology
When quantity supplied and quantity demanded increase due to improved technology what happens?
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.
What happens to supply when technology improves?
when technology improves, PPC (production possibility curve ) will shift rightward and the total production in an economy will increase.
What is the factor that supply curve to shift right?
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.
What describes a situation in which the price of a good fall?
A new technology allows producers to increase supply very quickly.
What describes a situation in which the price of a commodity would fall?
A new technology allows producers to increase supply very quickly.
What describes a situation which the price of a good would rise?
A new technology allows producers to increase supply very quickly
How any one can say Advance technology is boon or ban?
i want answer of advance technology is boon or curse?
Why supply curve increase or decrease?
The supply curve can shift due to changes in production costs, technology, or the number of suppliers. An increase in production costs (e.g., higher wages or raw material prices) typically causes the supply curve to decrease (shift left), indicating a reduced quantity supplied at each price level. Conversely, improvements in technology or an increase in the number of suppliers can lead to a decrease in production costs, causing the supply curve to increase (shift right), indicating a greater quantity supplied at each price level.
What is Increase Supply?
Increase Supply means to have more of a specific supply on hand.
Why does adoption of new technology tend to increase supply?
The adoption of new technology tends to increase supply because it enhances production efficiency and reduces costs for manufacturers. With improved processes and tools, producers can create goods more quickly and at a lower expense, allowing them to supply more products to the market. Additionally, technology can enable businesses to scale operations and innovate, leading to a greater variety of goods available for consumers. As a result, the overall supply of goods increases, often driving prices down and benefiting consumers.
