Question: 3 . 4 . How do supply and demand interact to create equilibrium? Consider the market for iPads and the market for Android tablets. These

3.4. How do supply and demand interact to create equilibrium?
Consider the market for iPads and the market for Android tablets. These two goods are substitutes. Suppose the price of an iPad goes up by $20 when a major online retailer changes its sales policies. Which of the following will occur?
Correct Answer(s)
The demand for Android tablets will increase.
The equilibrium price of Android tablets will increase.
The supply curve for Android tablets will shift.
The demand curve for iPads will shift.
The equilibrium quantity of Android tablets will decrease.
3 . 4 . How do supply and demand interact to

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