6.Today's world is rapidly advancing in technology. Technological advancements have improved business practices on one side and also reduced cost of various products on the other side. Computer. Co also take advantage of this technological advancement and producing more quantity with lower cost. [15]

a.With low production cost, draw a supply-and-demand diagram to show the impact on price, quantity, consumer surplus, and producer surplus in the market for computers.

b.Before computers, most of the students used typewriters for writing papers, which was then replaced by computers. Please explain and justify whether the typewriters and computers are complements or substitutes. What will be the impact on price, quantity, consumer surplus and producer surplus in typewriter industry (Show graphically). Please also explain how the typewriter producers will react with the technological advancement in computers?

c.With technological boom, software industry also witness advancement. With the help of supply and demand graph, show the impact on price, quantity, consumer surplus and producer surplus for software market. How will the producers in software industry will react with technological advancement in computers?