The following graph shows the market for laptops in 2017. Between 2017 and 2018, the equilibrium quantity of laptops remained constant, but the equilibrium price of laptops increased. From this, you can conclude that between 2017 and 2018, the supply of laptops , and the demand for laptops Adjust the graph to illustrate your answer by showing the positions of the supply and demand curves in 2018. Supply Demand Supply Demand QUANTITY (Laptops) PRICE (Dollars per laptop)
The following graph shows the market for laptops in 2017. Between 2017 and 2018, the equilibrium quantity of laptops remained constant, but the equilibrium price of laptops increased. From this, you can conclude that between 2017 and 2018, the supply of laptops , and the demand for laptops Adjust the graph to illustrate your answer by showing the positions of the supply and demand curves in 2018. Supply Demand Supply Demand QUANTITY (Laptops) PRICE (Dollars per laptop)
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter3: Market Demand And Supply
Section: Chapter Questions
Problem 2SQP
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Choices for labelled are 1. Decreased, increased, was unchanged
2. decreased, increased, was unchange
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