Question

Creative Commons Attribution-Share Alike 3.0 Unported Look at the graph. Where P is price and Q is quantity, what might cause a move from B to A? Fewer workers are needed to manufacture the product. A nationwide discount program is implemented. New technologies make manufacturing more efficient. Two other firms open to manufacture the same product.

Answer 1

Where P is price and Q is quantity, the main cause that moves from B to A is that New technologies make manufacturing more efficient. The salient features of the post industrial society is marked by the increased value of knowledge. This increased knowledge shows what benefits of the economic employment patterns gives if managed correctly. The increased creativity thru tertiary education as shown how the young ones uses technology to create something. Also, I think ICTs can be innovatively used in the absence of minimum literacy levels among the poor. Nowadays, as technology has improved, there are cheaper gadgets that can enable one to buy at a cheaper price. Even though it may not be as good as the expensive ones, at least the basic functions of these gadgets are still present.