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Over the past 30 years, technological advances have reduced the cost of computer chips
Chapter 4, Problem Problems and Applications 4.5(choose chapter or problem)
QUESTION:
Over the past 30 years, technological advances have reduced the cost of computer chips. How do you think this has affected the market for computers? For computer software? For typewriters?
Questions & Answers
QUESTION:
Over the past 30 years, technological advances have reduced the cost of computer chips. How do you think this has affected the market for computers? For computer software? For typewriters?
ANSWER:Step 1 of 3
Technology is one of the ways that can affect the supply of a good or service. The developed countries are more technologically advanced. It is the reason for higher standards of living across countries.