Business, 12.08.2021 22:40, indiaholmes16

Assume a new technology is created that causes the cost of metal to decrease as the quantity increases. If metal is a major input in the production of automobiles, how is the change in economies of scale for metal from the new technology guaranteed to affect the elasticity of supply for automobiles

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Assume a new technology is created that causes the cost of metal to decrease as the quantity increas...