Answer to Question #68732 in Microeconomics for Thuli

Question

draw a properly labelled demand and supply curve showing the market for DSTV in south africa . on this diagram , show and explain the effect of improved technology in the production of decorders. ( necessary for viewing DSTV)

Answer 1

The improved technology in the production of decorders will increase the supply of DSTV, so the supply curve will shift to the right, the equilibrium price will fall and the equilibrium quantity will fall.