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kykrilka [37]
3 years ago
8

An economist says, "technological advances have the power to lower the prices of many of the goods we buy." here is how this wor

ks:
Business
1 answer:
polet [3.4K]3 years ago
8 0
<span>With Technology, the workforce is smarter and efforts are optimal and as such more goods are produced and hence more products are supplied in the market. When there is more supply than demand prices are forced down. Hence we can say that technological advancement brings about higher supply and hence lower price</span>
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