Topic: How will a new technology influence the equilibrium in a product market? If that influence is felt across many firms then what are the implications for the national economy?

Order Description In your answer you should provide an introduction to the key issues, defining the terms of the question. Then using a concise approach set out your answer to each part in turn before formally concluding at the end. Your answer needs to: ? demonstrate sound knowledge of microeconomics and macroeconomics so it is necessary to keep ? make use of relevant examples ? make use of the financial press. (e.g. the 3D printing revolution Harvard Business Review piece discussed in Unit 4, or the many Financial Times examples) ? show an ability to evaluate concepts and their appropriateness to applications. Your answer must be no more than 2,000 words, so you should make sure that you are concise in what you write.