Assume there is a reduction in the price of materials needed to produce computers hardwaresuch as graphic cards. Use a supply-and-demand diagram (draw a graph) to show whathappens to price, quantity, consumer surplus, producer surplus, and total surplus in themarket for computers graphic cards. And give five explanations for what had happened. Pls solve fast Assume there is a reduction in the price of materials needed to produce computers hardwaresuch as graphic cards. Use a supply-and-demand diagram (draw a graph) to show whathappens to price, quantity, consumer surplus, producer surplus, and total surplus in themarket for computers graphic cards. And give five explanations for what had happened.

Demand is the amount of goods and services that consumers are willing to buy at the per unit price…

Assume there is a reduction in the price of materials needed to produce computers hardware such as graphic cards. Use a supply-and-demand diagram (draw a graph) to show what happens to price, quantity, consumer surplus, producer surplus, and total surplus in the market for computers graphic cards. And give five explanations for what had happened.