ZuoTi.Pro
Question

Over the past 30 years, technological advances have reduced the cost of hard drives. Using supply...

Over the past 30 years, technological advances have reduced the cost of hard drives. Using supply and demand curves, explain how do you think this has affected a.The market for hard drives b.The market for compact discs c.The market for personal computer

business   economics   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

a) Market for hard drives

Supply would shift to the right, price would go down and quantity would increase.

b)

Market for compact discs (subsitute good):

Quantity would decrease and price would also go down.

c)

Market for personal computer (complement good):

Quantity would increase and price would also go rise.

0 0
Add a comment
Know the answer?
Add Answer to:
Over the past 30 years, technological advances have reduced the cost of hard drives. Using supply...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • Consider the advances you have made in studying more productively over the past two years or...

    Consider the advances you have made in studying more productively over the past two years or so (e.g. from high school to 2nd-year university). Describe the specific methods you have used to improve your studying processes. Draw a diagram to illustrate how a technological improvement in your personal production function would affect your feasible set of grades and study hours. Then, examine what might happen to your choice of study hours, and the choices that you might make.

  • Using the economic concepts of Scarcity, Choice, Opportunity, Cost, Demand, Supply, Quantity Demanded, Quantity Supplied and...

    Using the economic concepts of Scarcity, Choice, Opportunity, Cost, Demand, Supply, Quantity Demanded, Quantity Supplied and Supply/Demand charts, evaluate the Impact Covid-19 will have on you, a family member of friend under the following conditions: > There are 145 million people in the workforce. Explain using the Supply/Demand curve. How Covid-19 is affecting the workforce. Is the Demand or Supply curve affected. Which way will the curve shift. > If you or someone in your household filed a tax return...

  • 3. Fast-food workers have been organizing within NYC over the past few years. They are doing...

    3. Fast-food workers have been organizing within NYC over the past few years. They are doing so in an attempt to gain leverage in negotiations for higher wages and better working conditions with their employers. By applying the Hick-Marshall rules of derived demand discuss: a. Whether or not you think they will be successful in negotiating a higher wages and what the dangers of negotiating a higher wage may be. b. If fast-food workers are able negotiate higher wages with...

  • Background to the question Over the past few years some states in the United States have...

    Background to the question Over the past few years some states in the United States have begun to legalize marijuana, while other states have not. In addition to legalizing marijuana, some states, such as California have introduced a tax on all marijuana products. QUESTION You are hired as an economic consultant by a state government that would like to analyse the impact of legalization of marijuana, taking account of different potential market structures. In your answer you should use appropriate...

  • 1. What forces have had an effect on increasing health cost over the past 30 years?...

    1. What forces have had an effect on increasing health cost over the past 30 years? 2. How is research used to produce effective public health care policies in order to spend public resources wisely? Give one example. 3. Identify your legislators for the state and national level. Please include the name of your state, district numbers for both your state level representatives and senators, as well as those on the national level. To respond to this item, you will...

  • Case Study: Supply Chain Trends The Do-Green Solar Systems case addresses challenges faced by a Canadian...

    Case Study: Supply Chain Trends The Do-Green Solar Systems case addresses challenges faced by a Canadian manufacturer as a result of the CUSMA trade agreement. As you read through the case, think abou the challenges, risks and complexities in changing their supply chain from North Americanto Internationalmarkets. Do-Green Solar Systems Taylor Douglas, V.P of Do-Green Solar Systems, was evaluating the strategic position of the company. With the new Canada-United States-Mexico (CUSMA) agreement in place and the uncertainty around future trade...

  • Case Study: Supply Chain Trends The Do- Green Solar Systems case addresses challenges faced by a...

    Case Study: Supply Chain Trends The Do- Green Solar Systems case addresses challenges faced by a Canadian manufacturer as a result of the CUSMA trade agreement. As you read through the case, think abou the challenges, risks and complexities in changing their supply chain from North Americanto Internationalmarkets. Do-Green Solar Systems Taylor Douglas, V.P of Do- Green Solar Systems, was evaluating the strategic position of the company. With the new Canada-United States Mexico (CUSMA) agreement in place and the uncertainty...

  • Case Study: Supply Chain Trends The Do-Green Solar Systems case addresses challenges faced by a Canadian...

    Case Study: Supply Chain Trends The Do-Green Solar Systems case addresses challenges faced by a Canadian manufacturer as a result of the CUSMA trade agreement. As you read through the case, think abou the challenges, risks and complexities in changing their supply chain from North Americanto Internationalmarkets. Do-Green Solar Systems Taylor Douglas, V.P of Do-Green Solar Systems, was evaluating the strategic position of the company. With the new Canada-United States-Mexico (CUSMA) agreement in place and the uncertainty around future trade...

  • please answer 3 question now Saved Help Save & Exit Case Study: Supply Chain Trends Case...

    please answer 3 question now Saved Help Save & Exit Case Study: Supply Chain Trends Case Study: Supply Chain Trends The Do-Green Solar Systems case addresses challenges faced by a Canadian manufacturer as a result of the CUSMA trade agreement. As you read through the case, think abou the challenges, risks and complexities in changing their supply chain from North Americanto Internationalmarkets. Do-Green Solar Systems Taylor Douglas, VP of Do-Green Solar Systems, was evaluating the strategic position of the company....

  • Moore Plumbing Supply Company Capital Structure             Mort Moore founded Moore Plumbing Supply after returning from...

    Moore Plumbing Supply Company Capital Structure             Mort Moore founded Moore Plumbing Supply after returning from duty in the South Pacific during World War II. Before joining the armed forces, he had worked for a locally owned plumbing company and wanted to continue with that type of work once the war effort was over. Shortly after returning to his hometown of Minneapolis, Minnesota, he became aware of an unprecedented construction boom. Returning soldiers needed new housing as they started families...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT