Laptops have also become easier also cheaper

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Reference no: EM1319198

Q1. If everyone were able to produce all the goods also services they wanted or required with unlimited resources Illustrate what impact would such a phenomenon have on economics

Q2. Assume the economy is not in equilibrium. If Y = 2500 also r = 0.02, that is greater, aggregate Demand or aggregate supply? Elucidate your answer.

Q3. Illustrate the following with supply also Demand curves:

With raised access to wireless technology also lighter weight the Demand for laptop computers has risen substantially. Laptops have also become easier also cheaper to produce as latest technology has come online. Despite the shift of Demand prices have fallen.

Reference no: EM1319198

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