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Nowadays, we can choose either a laptop computer or a tablet to be a portable electronic device. Recently, the consumers of those electronics devices find that the price of tablets increases sharply. What are the effects on the equilibrium price and equilibrium quantity in the market of laptop computers? No diagram is needed but you need to describe how the curve(s) shifts in your written explanation. (6 marks) Nowadays, we can choose either a laptop computer or a tablet to be a portable electronic device. Recently, the consumers of those electronics devices find that the price of tablets increases sharply. What are the effects on the equilibrium price and equilibrium quantity in the market of laptop computers? No diagram is needed but you need to describe how the curve(s) shifts in your written explanation. (6 marks)
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The sharp increase in the price of tablets would cause a decrease in the demand for tablets leading ... View the full answer
Related Book For
College Physics Reasoning and Relationships
ISBN: 978-0840058195
2nd edition
Authors: Nicholas Giordano
Posted Date:
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