The cost of producing flat-screen TVs has fallen over the past decade. Let's consider some implications of this fact.

The cost of producing flat-screen TVs has fallen over the past decade. Let's consider some implications of this fact. a. Draw a supply and demand diagram to show the effect of the falling production costs on the price and quantity of flat screen TVs b. show what happens to consumer surplus and producers surplus c. suppose the supply of flat screen TVs is very elastic. Who benefits most from falling production costs - consumers or producers of these TVs?

The cost of producing flat-screen TVs has fallen over the past decade. Let's consider someimplications of this fact.a. Draw a supply and demand diagram to show the effect of the falling...