due Sep 25 and Demand Respond to the following prompts in a post with a minimum
ID: 1137814 • Letter: D
Question
due Sep 25 and Demand Respond to the following prompts in a post with a minimum of 250 words, then comment on at least TWO other posts . Think of a relevant example in your own life of how a change in the market (including information, preferences, technology, price of alternative goods, regulations, taxes, etc.) has shifted either the supply or demand of a good. How did this change affect the market equilibrium for that good or service? Explain. . Next, find a relatively recent news article (within the past year) to support your finding (the news search feature in Google is helpful with this). If you cannot find an article specific to your example, you may find an article about another similar good or service. Summarize the article and its findings, then include the URL in author Unread Subscribe 6 Reply Previous NextExplanation / Answer
The invention of the laptop computer in the early 2000's saw a shift in the demand for desktops as more and more people switched from desktops to laptops. Therefore, a change in technology impacted the demand for desktop computers.
Since 2003, the demand for desktops decreased since people in offices, colleges, and homes started opting for a laptop over a desktop.
A decrease in the quantity demanded for desktop computers has changed the market equilibrium for desktop computers. Since the quantity demanded for desktops has decreased, the price of desktops when adjusted for inflation has also decreased from early 2000's to 2010's.
Do a google search - when did the laptop come out and how did it impact the demand for desktops.
You will find an article from the Guardian dated October 28 2009 that is related to desktop and laptop computers.
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