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More and more devices are being introduced into the market that perform tasks similar to that of PCs, such as tablets and smartphones. At the
More and more devices are being introduced into the market that perform tasks similar to that of PCs, such as tablets and smartphones. At the same time, the price of computer chips to make high-end PCs continues to fall. What is the effect of the events on equilibrium price and quantity of high-end PCs?
I'm assuming it is prices fall continuously while quantity falls initially but then rises, recouping earlier losses
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