Suppose there is a major technological advance in the production of a good that causes production costs to fall. if demand for the product is relatively inelastic, what will happen in the market?

 If there is a major technological advance in the production of a good that causes production costs to fall and the demand for the product is relatively inelastic:  As production costs fall, it will cause an increase in supply, therefore the price will fall, but demand as it is inelastic will not increase in the same amount as the price rises.

income statement is prepared in order to show the profits and loss of a business. in order to prepare the income statement she should collect all the income and expenses of the product with the cost of production.

it established new limitations on use and disclosure for marketing purposes, prohibited selling medical information, expanded individuals’ rights to accessing their own information, and to obtain restrictions from certain disclosures of protected heath information to health plans.