New technology has increased the productivity of solar, Econometrics

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New technology has increased the productivity of solar

Explain, with the use of demand and supply diagrams, the effect of the following events on the market for solar panels:

(a) The price of solar panels has fallen to below the market equilibrium price.

(b) The price of electricity for an average household has increased by 50 percent.

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Econometrics: New technology has increased the productivity of solar

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