Effects of Technology on Supply and Demand Curves

This article talks about how technology impacts and changes the equilibrium price point, supply shifts, types of goods and other firms. It summarizes what we have been talking about in class really well.

http://smallbusiness.chron.com/effects-technology-supply-demand-curves-30626.html

2 Comments »

  1. Jared Warzala Said,

    September 29, 2013 @ 10:23 pm

    This article was a perfect summary of what we learned about in class. I loved the way it looked at one specific element and analyzed how it can affect shifts in supply and demand. I also thought it took an interesting perspective and drew upon some factors that were not discussed in class. For example, looking at how technology can affect entrance into a marketplace. Great article.

  2. dolanr Said,

    October 8, 2013 @ 2:15 am

    This is a very good article and is extremely relevant to the early concepts of MicroEconomics. The basics of supply and demand, equilibrium prices and more are discussed. The author does a great job of talking about important points of these topics in a concise, easy to understand fashion.

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