Question: Consider the market for laptop computers. Explain whether the following events would cause an increase or a decrease in supply or an increase or a

Consider the market for laptop computers. Explain whether the following events would cause an increase or a decrease in supply or an increase or a decrease in the quantity supplied. Illustrate each, and show what would happen to the equilibrium quantity and the market price.
a. The price of memory chips used in laptop computers declines.
b. The price of machinery used to produce laptop computers increases.
c. The number of manufacturers of laptop computers increases.
d. There is a decrease in the demand for laptop computers.

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