14. A supply and demand puzzle The following graph shows the market for laptops
ID: 1136390 • Letter: 1
Question
14. A supply and demand puzzle
The following graph shows the market for laptops in 2007. Between 2007 and 2008, the equilibrium quantity of laptops remained constant, but the equilibrium price of laptops increased. From this, you can conclude that between 2007 and 2008, the supply of laptops increased / decreased / was uchanged and the demand for laptops increased / decreased / was uchanged .
14. A supply and demand puzzle
The following graph shows the market for laptops in 2007. Between 2007 and 2008, the equilibrium quantity of laptops remained constant, but the equilibrium price of laptops increased. From this, you can conclude that between 2007 and 2008, the supply of laptops increased / decreased / was uchanged and the demand for laptops increased / decreased / was uchanged .
Adjust the graph to illustrate your answer by showing the positions of the supply and demand curves in 2008. Supply Demand Supply Dr emand QUANTITY (Laptops)Explanation / Answer
The price of the laptops will increase and the quantity will remain constant when
The answer is Demand increase and the supply decrease.
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