This report provides an analysis of market equilibrium, focusing on the effects of new technology on both microeconomic and macroeconomic factors. The study examines the impact of technological advancements on supply and demand curves, demonstrating how new technologies can either increase or decrease demand and supply, leading to shifts in market equilibrium points. The report also explores the implications of technology on the Production Possibility Frontier (PPF), illustrating how innovation can expand production capabilities and efficiency. Additionally, it discusses the circular flow of income, showing how technology influences resource exchange between firms and households, thereby impacting income levels and economic growth. The analysis includes relevant examples, such as the rise of smart fridges and online retail platforms, to illustrate the real-world effects of technology on market dynamics. The conclusion emphasizes that while technology can bring positive changes, such as improved demand and supply, it can also lead to negative consequences like product obsolescence and job displacement. The report highlights the importance of technology in influencing per capita income in technology-advanced countries.