Moore's Law means the number of transistors placed in the integrated circuit becomes twice every time after each period of two years.

Implications of Moore's Law for

(a)changes in the total value of the semiconductor market over time.

The total production of Integrated circuits is more and the supply shifts from S1 to S2 due to an increase in production after every period of two years. There is more supply of Integrated circuits which leads to a reduction in prices of each unit of ICs.

(b) changes in the prices of computing devices, and

The Integrated Circuits are one of the parts used in computers. The firms which manufacture computers are demanding more number of Integrated Circuits as it's prices fall. A more number of computers can be produced with high availability of ICs.

The more production of computers will lead to more supply of computers in the market. Due to this situation the prices of computing devices reduces.

(c)changes in the prices of other products (such as cameras, refrigerators, etc.) that use semiconductors.

The same concept of supply will be applicable in case of other product prices(like cameras, refrigerators) which uses semiconductors. The supply curve shifts rightward due to an increase in supply and there is a fall in prices in the market. The prices fall when there is an excess supply of product available in the market.

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