Question: Some argue that iPads replace laptops in the market for computer products. The cost of processors for laptops decreases substantially. Represent the following using demand
Some argue that iPads replace laptops in the market for computer products. The cost of processors for laptops decreases substantially. Represent the following using demand and supply graphs. You can draw the figures on a piece of paper, take a picture and just upload the images here. (Please label the figures a. and b. for each of the sub-questions below)
a.The market for iPads when the cost of the processors for laptops decreases.
b.The market for laptops (with the old and new cost of laptop processors).
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