Changes in Equilibrium Macroeconomics 6. Suppose that people expect that the price of computers will fall next month. At the same time a technological advance take place in the computer industry. What happens to equilibrium price and quantity? Illustrate using a graph. 7. Suppose that the government impose a tax of $1 on the production of Nikes (Jordans). At the same time Nikes and Reeboks are substitutes and the price of Reeboks decrease. What happens to equilibrium price and quantity? Illustrate using a graph. 8. Assume that producers expect the price of orange juice to be lower in December. At the same time a new study just released states that drinking more orange juice will increase your chance of not getting cancer. What happens to equilibrium price and quantity? Which quantity is affected and how do you know? Illustrate using a graph. 9. Assume that VCRs and videotapes are complements. When the price of VCRs fall and the price of plastic (used to make videotapes) rise, what should happen to price and quantity of videotapes. What happens to equilibrium price and quantity? Illustrate using a graph