In the Using the Theory section, we suggested that the solar panel industry, over the very long
Question:
In the Using the Theory section, we suggested that the solar panel industry, over the very long run, ultimately conforms to the constant-cost industry model. But it also experiences cost-lowering technological change over the long run.
a. With diagrams similar to those in Figure show what happens after an increase in demand for solar panels in the short run and the long run. But (unlike in the figure) assume solar panels are a constant cost industry, and there is also long-run technological change.
b. In the new, final long-run equilibrium, will the price of solar panels be higher or lower than it wasinitially?
.png)
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
a In the short run demand for solar panels increases from D 1 to D 2 Keeping the supply cu...View the full answer
Answered By
Aysha Ali
my name is ayesha ali. i have done my matriculation in science topics with a+ . then i got admission in the field of computer science and technology in punjab college, lahore. i have passed my final examination of college with a+ also. after that, i got admission in the biggest university of pakistan which is university of the punjab. i am studying business and information technology in my university. i always stand first in my class. i am very brilliant client. my experts always appreciate my work. my projects are very popular in my university because i always complete my work with extreme devotion. i have a great knowledge about all major science topics. science topics always remain my favorite topics. i am also a home expert. i teach many clients at my home ranging from pre-school level to university level. my clients always show excellent result. i am expert in writing essays, reports, speeches, researches and all type of projects. i also have a vast knowledge about business, marketing, cost accounting and finance. i am also expert in making presentations on powerpoint and microsoft word. if you need any sort of help in any topic, please dont hesitate to consult with me. i will provide you the best work at a very reasonable price. i am quality oriented and i have 5 year experience in the following field.
matriculation in science topics; inter in computer science; bachelors in business and information technology
_embed src=http://www.clocklink.com/clocks/0018-orange.swf?timezone=usa_albany& width=200 height=200 wmode=transparent type=application/x-shockwave-flash_
11+ Reviews
14+ Question Solved
Related Book For 
Macroeconomics Principles and Applications
ISBN: 978-1133265238
5th edition
Authors: Robert e. hall, marc Lieberman
Question Posted:
