Draw a demand and supply diagram


Response to the following problem:

The computer market in recent years has seen many more computers sell at much lower prices. What shift in demand or supply is most likely to explain this outcome? Sketch a demand and supply diagram and explain your reasoning for each.

a. A rise in demand

b. A fall in demand

c. A rise in supply

d. A fall in supply

 

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Business Economics: Draw a demand and supply diagram
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