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15 11 Joints l Print u.-. _.'_--. u..- - Vluy' v Evaluate the set of events below. Determine how the events will impact their respective markets. a. In examining the market for personal computers. a technological improvement reduces the cost of production. The effect of the event will be in Click to select v '5 As a result. the equilibrium price will and the equilibrium quantity will Click to select v '. b. in examining the market for smart phones, there is a reduction In the number of sellers. The effect of the event will be Click to select v in Click to select V . . As a result. the equilibrium price will Click to select v and the equilibrium quantity will Click to select v . c. In examining the market for apps for smart devices, there is a tax levied on the sellers of apps. The effect of the event will be Click to select v In Click to select v . As a result. the equilibrium price will Click to select V and the equilibrium quantity will Click to select V