Essay
Using graphs,explain how the equilibrium price and quantity of laptops will change when:
a)the demand curve for laptops shifts right and the supply curve for laptops shifts left.The shift in the demand curve is greater than the shift in the supply curve.
b)both the demand and supply curves for laptops shift right by the same amount.
c)the demand curve for laptops shifts right without any change in the supply curve.
Correct Answer:

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a)In the figure below,the initial equili...View Answer
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