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I am running into trouble with the second question on the graphing assignment, how do I go about constructing the graph. I am not very
I am running into trouble with the second question on the graphing assignment, how do I go about constructing the graph. I am not very good with excel. I also need help with answer the question it self, will the supply and demand curved with shifted to the left?
2. The graph below illustrates the market for computers. If the number of computer buyers increases and technology advances, how will equilibrium price and output in the market for computers be affected? Assume the changes in technology and number of buyers are equal in magnitude (in terms of how much they shift the supply or demand curve). Show the effect of these changes on the graph. (10 points) Price (thousands of dollars per PC) 6 - X 0 10 25 40 Quantity (millions of PCs per year) Instructions There are two components to answering each question: (a) provide an explanation; and (b) draw a graph. You should familiarize yourself with the assessment rubric (below) so that you understand the required scope of your answers. Page 1 of 3 431 words x English (United States) Accessibility: Good to go Focus E 150%Step by Step Solution
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