Asked by
BROCK NELLOR
on Nov 04, 2024Verified
A technological advance in the production of digital video recorders will cause them to become less expensive.
Technological Advance
The discovery of new technologies or the improvement of existing ones, significantly altering the way goods or services are produced.
Digital Video Recorders
Electronic devices that record video in a digital format to a disk drive, USB flash drive, SD memory card, or other local or networked mass storage device.
Price
The financial value anticipated, demanded, or provided as compensation for something.
- Examine the effects of technological innovations on market results.
Verified Answer
HO
Learning Objectives
- Examine the effects of technological innovations on market results.