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Jipu 123

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Refer to the information provided in Figure 12.2 below to answer the question(s) that follow. 









Refer to Figure 12.2. A technological advance causes the supply of personal computers to increase. The graph of this situation represents a


◦ general equilibrium analysis because it identifies what happens to both equilibrium price and quantity of personal computers.
◦ partial equilibrium analysis because it considers only this one industry.
◦ firm-specific analysis because only one firm would be affected by the technological advance.
◦ technological analysis because the change resulted from a technological advance.


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Marked as best answer by Jipu 123 on Apr 19, 2019

firehawk60

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