Economic
The Market: Laptops.
The Event: The price of copper, an input into
making laptops, decreases. Simultaneously, the price of tablets (a
substitute for laptops) decreases.
Given the above information, answer the following questions:
what do you expect to have happened to the supply of
laptops?
Options: shift right (increase), shift left
(increase), no shift, shift right (decrease), shift left
(decrease).
If the supply curve for laptops shifted, what is the best
reason for the shift?
Options: lower input costs,...