Using Figure 1 above, if the aggregate demand curve shifts from AD1 to AD2 the result in the short run would be:

Smart phones are becoming less expensive as new technology reduces the cost of production. In a supply and demand model, explain the effects of the technological innovations and their effect on the quantity of smart phones

What will be an ideal response?

The curve that shows the relation between quality and firm value is:

A. a vertical line. B. in the shape of an inverted U. C. a flat line. D. U-shaped.