In the following scenarios, explain if demand would be affected or supply. Which curve(s) shift(s) (if any) and in which direction? Explain the change(s) in the equilibrium price and quantity. Graph you answer as well. a. In the market for laptops, the technology improves while all other factors remain constant. b. In the market for tablet computers, more suppliers enter the market and the price of laptops, a substitute good, increases, while all other factors remain constant. c. what happens in laptops market if both “a” and “b” happens at the same time.
In the following scenarios, explain if
a. In the market for laptops, the technology improves while all other factors remain constant.
b. In the market for tablet computers, more suppliers enter the market and the price of laptops, a substitute good, increases, while all other factors remain constant.
c. what happens in laptops market if both “a” and “b” happens at the same time.
Here, all the given information explains different situations in the laptop market due to changes in determinants of demand and supply.
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