Productivity = deflation Assembly-line production allowed the price of the Model T touring version to be lowered from $850 in 1908 to less than $300 in 1925.
Not necessarily. Suppose I figured out a way to improve the camera on the iphone by reducing defects in manufacturing. That could either have no effect on price or even raise it.
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Well no, defects in manufacturing = costs that need to be represented in the price. Eliminating defects will either help to avoid a price increase or allow a price decrease to reach more customers.
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Eliminating defects increases yield
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