Moore’s Law states that we can expect to see roughly a doubling of the number of transistors on integrated circuits (a.k.a. semiconductor chips) every two years or so (see article on Moore's Law in Wikipedia (Links to an external site.)Links to an external site.)

With the aid of supply and demand diagrams, write a short essay on what you see as the implications of Moore’s Law for (a) changes in the total market value (i.e., the combined revenues of all the sellers) in the semiconductor market over time, (b) changes in the prices of computing devices, and (c) changes in the prices of other products (such as cameras, refrigerators, etc.) that use semiconductors.

[Note that there are many different things to consider here, so I am not so much looking for you to give some specific “correct” answer, as much as I am looking for you to demonstrate that you have thought about some of the complications at hand and that you can articulate these in the context of using supply and demand analysis.]