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For each of the following independent events, explain with the aid of a diagram, the effect on the equilibrium price and quantity of MP3 players
For each of the following independent events, explain with the aid of a diagram, the effect on the equilibrium price and quantity of MP3 players (such as the iPod) if: 2.1 The price of a personal computer falls (10) 2.2 The price of an MP3 download rises (10)
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