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Discuss how each of the following changes will shift the supply and/ or demand curves and it's effect on the market clearing price (P) and
Discuss how each of the following changes will shift the supply and/ or demand curves and it's effect on the market clearing price (P) and quantity (Q) of personal computers. Assume computers are a normal good. A. A significant increase in the price of tablets occurs, tablets are substitutes of computers and nothing else changes. B. The cost of key computer parts reduces significantly for computer makers and nothing else changes
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