Solved: What will happen in the market for personal computers, Microeconomics

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What will happen in the market for personal computers

Problem

If the price of processor chips used in manufacturing personal computers decreases, what will happen in the market for personal computers? How will the equilibrium price and equilibrium quantity of personal computers change?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: What will happen in the market for personal computers

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