Assuming a normal market, with a positively sloped supply and negatively

sloped demand, which is initially in equilibrium. Given the situation stated below, fill in the blanks matching the effect as either: increase, decrease, no change or indeterminate (cannot determine). Market for IBM computers Technology improves for the production of IBM computers, and consumers preferences for Apple computersincreases due to Apple's unique application programs (a)Supply will (Click for List) decrease increase not change is indeterminate (unable to determine) (b)Demand will (Click for List) decrease is indeterminate (cannot determine) increase not change (c)Equilibrium price will (Click for List) increase not change be indeterminate (unable to determine) decrease (d)Equilibrium quantity will (Click for List) not change be indeterminate (unable to determine) increase decrease new question: Suppose you are selling t-shirts at your own t-shirt stand. The supply and demand curves for t-shirts are given below. P= 7 + 0.1QP=30- 0.2Q a.Whatis the equilibriumquantityfor t-shirt b.What is the equilibriumprice for t-shirts? c.If the process of making your t-shirts results in chemical waste that you dump in a nearby stream, creating $ 6 worth of damage to the environment per shirt, what is the socially optimal number of t-shirts for you to sell? d.Given the chemical waste in part c., what is the socially optimal p e.What tax policy could the government use to assure that you sell the socially optimal number of t-shirts? Tax t-shirts equal to 6 dollars Subsidize t-shirts equal to 6 dollars Tax t-shirts more than 6 dollars Subsidize t-shirts more than 6 dollars Click for List