The following figure shows the demand and supply curves for USB flash drives at different price levels. D is the demand curve, and S₁ is the initial supply curve.
-Refer to the figure above.If the supply curve for flash drives shifts from S₁ to S₂,with no change in the demand curve,the new competitive equilibrium price is ________.
Definitions:
Time-Driven
Refers to a method or model that bases calculations, decisions, or processes on the passage of time, often focusing on efficiency and scheduling.
Tech Support
A service provided by companies to help their customers with technical problems or issues related to their products or services.
Time-Driven
A method of costing or scheduling that is based on the amount of time required to complete tasks.
Activity-Based Costing
A methodology that assigns costs to products and services based on the resources they consume.
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