Question: The graph shows the demand curve for computers and the supply curve of computers. Draw a point at the equilibrium price and quantity of computers.

The graph shows the demand curve for computers and the supply curve of computers.

Draw a point at the equilibrium price and quantity of computers. Label it

1 .

Draw a curve that shows what happens in the market for computers if the wage rates of workers who produce computers fall but all other influences on selling plans remain the same. Label it

S_{1} .

Draw a point at the new equilibrium price and quantity. Label it

2 .

Price

(

dollars per computer

)

The graph shows the demand curve for computers

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