Please answer both questions All info provided

D Question 28 5.85 pts Suppose, that the demand for watches decreases and shifts the demand curve due to the invention of the iphone. Immediately after the shift in demand and at the "old" equilibrium price, how would you describe the situation in the market? Assume that nothing happened to the supply curve. excess equilibrium Disequilibrium to due to an endogenous shock in the marketplace excess supply O excess demand D Question 29 5.85 pts Suppose there is a two good economy that produces medical devices and computers. Suppose the economy goes from 80 percent of its economy devoted to the production medical devices to 100 percent, and there is relatively large opportunity costs in terms of computer production. What is the most likely cause of the relatively large opportunity costs in terms of computer production? All of the available answers Resources are being converted that are better suited towards medical device production Resources are being converted that have a comparative advantage in computer production Resources are being converted that have a comparative advantage in medical device production