Question: 1- Consumer's income decrease and mini-laptop is considered as a normal good. * () shifts to the left and (D) stays the same, The equilibrium




1- Consumer's income decrease and mini-laptop is considered as a normal good. * () shifts to the left and (D) stays the same, The equilibrium price increases and the equilibrium quantity increases. (S) shifts to the right and (D) stays the same. The equilibrium price increases and the equilibrium quantity decreases (D) shifts to the right and (S) stays the same. The equilibrium price increases and the equilibrium quantity increases. (D) shifts to the left and (S) stays the same. The equilibrium price decreases and the equilibrium quantity decreases. 2- With the usage of new technology, mini-laptop production increased by 17%. * (D) stays the same and (S) shifts to the left. The equilibrium price increases and the equilibrium quantity decreases. (D) shifts to the right and (S) stays the same. The equilibrium price decreases and the equilibrium quantity decreases. (D) stays the same and (S) shifts to the right. The equilibrium price decreases and the equilibrium quantity increases. (D) shifts to the right and (S) stays the same. The equilibrium price increases and the equilibrium quantity decreases. 3- New government restrictions were implemented in mini-laptop market. * O (D) shifts to the left and (S) stays the same. The equilibrium price decreases and the equilibrium quantity decreases. (D) stays the same and (s) shifts to the right. The equilibrium price decreases and the equilibrium quantity increases (D) shifts to the right and (S) stays the same. The equilibrium price increases and the equilibrium quantity increases. (D) stays the same and (S) shifts to the left. The equilibrium price increases and the equilibrium quantity decreases. 4- Price of mini-laptops is expected to decrease after 3 weeks. * (D) shifts to the right and (S) stays the same. The equilibrium price increases and the equilibrium quantity increases (D) stays the same (S) stays the same. Movement along the curve. The market is in shortage. (D) shifts to the left and (S) shifts to the right. The equilibrium price decreases and the equilibrium quantity stays the same. (D) shifts to the right and (S) stays the same. The equilibrium price decreases and the equilibrium quantity decreases 5- Price of mini-laptop increased. * (D) stays the same (S) stays the same. Movement along the curve. The market is in surplus. (D) shifts to the left and (S) stays the same. The equilibrium price decreases and the equilibrium quantity decreases. (D) stays the same (S) stays the same. O Movement along the curve. The market is in shortage. (D) stays the same and (S) shifts to the right. The equilibrium price decreases and the equilibrium quantity increases
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