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Consider the market for desktop computers. There is a decrease in the price of computer monitors, which causes the demand to shift out . Initially
Consider the market for desktop computers. There is a decrease in the price of computer monitors, which causes the demand to shift out . Initially price stays constant resulting in excess supply . The market reaches its new equilibrium where price falls and quantity rises
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Economics Principles and Policy
Authors: William Baumol, Alan Blinder
13th edition
1305280595, 1305280598, 9781305465626 , 978-1305280595
