Unformatted text preview: happen in this market? d) Now the demand shifts in (decrease) by 20% due decrease in consumer’s income and the supply shifts out (decrease in cost) by 30% due to new technology advance (capital investment), show graphically and calculate the effects on equilibrium price and quantity of shifts of supply and demand. Should the firm invest on this new technology?...
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- Spring '10
- Accounting, current market price, market equilibrium price