C https://www.mathxl.com/Student/PlayerTest.aspx?testld=232782100 Principles of Microeconomics XLS Group E8 Fall Semester 2021 CO Tykeise = Quiz: ASSESS Unit 1 QUIZ Question 2 This Quiz: 100 pts possible The graph shows the market for computers Price (dollars per computer) 2500- Draw a point at the market equilibrium Label it 1 Draw a demand curve that shows what happens if the price of a printer falls. Label the curve D, Draw a supply curve that shows the effect of a technological advance that cuts the cost of producing computers Label it S, 2000- Draw a point at the new market equilibrium, Label it 2 So If demand and supply change in the same direction, we the direction of change of the equilibrium quantity and we the direction of change of the equilibrium price 1500- O A. cannot predict, cannot predict 1000 O B. can predict, cannot predict O C. can predict, can predict 500 O D. cannot predict, can predict Do O- Quantity (millions of computers per year) >>> Draw only the objects specified in the