Affect consumer surplus and producer surplus in both markets

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Suppose PlayStations and PlayStation games are complementary goods. Now there is a technological advance in the production of PlayStations. Use a supply/demand diagram of PlayStations market and a supply/demand diagram of PlayStation games market to illustrate and explain how the technological advance would affect consumer surplus and producer surplus in both markets. (Hint: some may be ambiguous because of lack of information.)

Reference no: EM131009978

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