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4. Practice FRQs: Applying S&D Analysis a. Practice FRQs. THESE WILL BE GRADED IN CLASS (_/15) b. Assume the following: The demand for all computers
4. Practice FRQs: Applying S&D Analysis a. Practice FRQs. THESE WILL BE GRADED IN CLASS (_/15) b. Assume the following: The demand for all computers is price elastic. Laptop and desktop computers are substitutes. Laptops and DVD burners are complements. Using three separate S&D graphs (laptops, desktops, and DVD burners) to show the impact of a change in technology that improves only the production of laptop computers on the following: ( /5) i. Price of laptop computers v. Output of desktop computers ii. Output of laptop computers vi. Price of DVD burners iii. Total revenue of laptop vii. Output of DVD burners computer producers iv. Price of desktop computers
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