(NOTE: Answer each question by providing "one" diagram with a concise explanation.) 6. Assume good "M" and good "N" are complementary. What happens to the equilibrium price and quantity of good "N" if the price of good "M" decreases?

ENGR.ECONOMIC ANALYSIS
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(NOTE: Answer each question by providing "one" diagram with a concise explanation.)
%3D
6. Assume good "M" and good "N" are complementary. What happens to the equilibrium price and
quantity of good "N" if the price of good "M" decreases?
7. Assume the PC makers develop more efficient methods to make a computer. What happens to the
equilibrium price and quantity of the computer?
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Transcribed Image Text:(NOTE: Answer each question by providing "one" diagram with a concise explanation.) %3D 6. Assume good "M" and good "N" are complementary. What happens to the equilibrium price and quantity of good "N" if the price of good "M" decreases? 7. Assume the PC makers develop more efficient methods to make a computer. What happens to the equilibrium price and quantity of the computer? ..docx answerstohomew...docx answerstohomew...docx e to search o 耳0 W.
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