Price Quantity Supplied Quantity Demanded

$160 60000 200,000

$200 90000 160,000

$240 120000 120,000

$280 150000 80,000

$320 180000 40,000

1. Suppose there is a technological advancement in the production of economics textbooks. Show how this would impact your graph for the economics textbooks at the Bookstore. In other words, show if the supply curve or demand curve shifts and show the direction in which the curve will shift. Label what you did as T and explain what has occurred on the graph to the equilibrium price and quantity and also explain why you chose to shift this curve.