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Supply and Demand Assignment | Homework For You

Author:
December 4th, 2019

The cost of producing flat-screen TVs has fallen over the past decade. Let’s consider some implications of this fact.

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Homework For You

a. Draw a supply and demand diagram to show the effect of the falling production costs on the price and quantity of flat screen TVs

b. show what happens to consumer surplus and producers surplus c. suppose the supply of flat screen TVs is very elastic. Who benefits most from falling production costs – consumers or producers of these TVs? Get Economics homework help today

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