An eccentric scientist invents a very useful gadget and, Ask an Expert

Economics

An eccentric scientist invents a very useful gadget and makes huge profits. Unfortunately, he is so preoccupied with his newly found fame and fortune that he forgot to secure a patent for his special product.

A) What can be expected to happen to the supply of the gadget?

B) What can be expected to happen to the price and the demand of the gadget?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91675773

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