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.