CBSE Class 12-commerce Answered
Explain how technological progress influences the supply
of a particular good.
Asked by Topperlearning User | 25 Apr, 2016, 02:40: PM
Expert Answer
Technological progress creates positive approach in the supply of a particular product. It decreases the cost per unit and increases the productivity of given factor inputs of production. This leads to the production of particular good becomes more profitable.
Answered by | 25 Apr, 2016, 04:40: PM
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ANSWERED BY EXPERT
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Asked by Topperlearning User | 25 Apr, 2016, 02:40: PM
ANSWERED BY EXPERT
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ANSWERED BY EXPERT