ECO120 Technological Innovation Essay

Question # 00642105
Course Code : ECO120
Subject: Economics
Due on: 11/26/2022
Posted On: 11/26/2022 05:33 AM
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ECO 120 Cuyamaca College Technological Innovation Essay

Find the flaw in the following argument made by a business analyst: "A technological innovation that lowers the cost of producing a good seems at first to result in a reduction in the price of the good to consumers. But a fall in price will increase demand for the good thus sending the price up again”. Provide a short and precise precise answer!

 

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ECO120 Technological Innovation Essay

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