7. In the market for laptops shown in the graph below, a decrease in the equilibrium price fromP2to P1 and a fall in the equilibrium quantity from Q2 to Q1 would be due to:PSp3p2plq1q2 q3an increase in the supply of laptopsO an increase in the demand for laptopsa decrease in the supply of laptopsO a decrease in the demand for laptops.

In any market, the interactions between demand and supply of the service or product play a…

7. In the market for laptops shown in the graph below, a decrease in the equilibrium price from P2 to P1 and a fall in the equilibrium quantity from Q2 to Q1 would be due to: P p3 p2 pl q1 q2 q3 an increase in the supply of laptops an increase in the demand for laptops O a decrease in the supply of laptops a decrease in the demand for laptops.

7. In the market for laptops shown in the graph below, a decrease in the equilibrium price from P2 to P1 and a fall in the equilibrium quantity from Q2 to Q1 would be due to: P p3 p2 pl q1 q2 q3 an increase in the supply of laptops an increase in the demand for laptops O a decrease in the supply of laptops a decrease in the demand for laptops.

Principles of Microeconomics

7th Edition

ISBN:9781305156050

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter4: The Market Forces Of Supply And Demand

Section: Chapter Questions

Problem 6CQQ

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