The Canadian (Ottawa?) beaver tail market. An American campaign strongly urges beaver tail consumers around the world to boycott our world famous beaver tails.

b) The computer chip market. The demand for personal computers increases as consumer incomes increase and preferences shift (everyone wants to surf the WWW). At the same time, computer chip production costs decrease significantly due to the invention of new materials.

predict what effect this will have on the equilibrium price and quantity and analyze the changes in these markets step by step. based on and supported by appropriate supply and demand graphs paying particular attention to labels (identifiers), to the direction of the shift in any curve and to the changes in the equilibrium prices and quantities if any.