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Coco's Clocks has been making quality analog alarm clocks (the kind with old-fashioned arms on a dial face) for years. But now cell phones and
Coco's Clocks has been making quality analog alarm clocks (the kind with old-fashioned arms on a dial face) for years. But now cell phones and digital clocks are all most customers are interested in. Sales are so low that Coco's Clocks is on the verge of collapse. What is happening to the price of analog alarm clocks? The price of clocks is increasing. There is no change in the price of clocks. The price of clocks is decreasing. Use the graph to illustrate how the change in the price of clocks impacts the market for workers at the clock factory. Market for Clock Workers Wage ($) Quantity of clock workers
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