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One of the largest changes in the economy over the past several decades is that technological advances have reduced the cost of making computers. Several
One of the largest changes in the economy over the past several decades is that technological advances have reduced the cost of making computers. Several decades ago, students used typewriters to prepare papers for their classes; today they use computers.
Show what happened to price, quantity, consumer surplus, and producer surplus in each of the following markets: the market for computers, market for typewriters, and market for software. Explain with words and graphs so I can understand it fully please.
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