1. In each of the following examples, what should happen to price and quantity of laptop computers?Make sure you give two answers for each: what happens to price and what happens to quantity.
2. Technology improves in the production of computers.
3. Income increases
4. There is an increase in the price of computer components
5. Consumers expect the price of laptops to decrease in the future.
6. Population increases
7. The price of desktop computers (a substitute in consumption) decreases
8. The price of tablet PCs (e.g. Kindle or iPad) (substitutes in production) decrease in price.