Question #136845

If the price of processor chips used in manufacturing personal computers decreases, how will the equilibrium price and equilibrium quantity of personal computers change?
1

Expert's answer

2020-10-05T14:25:33-0400

If the price of processor chips used in the manufacturing personal computers decreases, the supply of the computers shift to the right as a result. There is a reduced new equilibrium price and a higher new equilibrium quantity of computers.


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