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(b) Lightning Laptops has decided to produce tablets and needs to reconfigure its existing resources. As a result it intends to reduce the production of

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(b) Lightning Laptops has decided to produce tablets and needs to reconfigure its existing resources. As a result it intends to reduce the production of the Lightning Laptop, and will cut production at each possible market price by 10,000 laptops compared to its estimated 2014 figures. Draw and label the new supply curve on the diagram that you have constructed in part (a). (1 mark) (c) Based upon the new supply curve explain how market forces would act to return the market to a state of equilibrium at the new equilibrium position.

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