Consider the market for laptops in 2015. Between 2015 and 2016, the equilibrium price of laptops remained constant , but the equilibrium quantity of laptops increased. From this, you can conclude that between 2015 and 2016, the supply of laptops ________________ and the demand for laptops _______________.
Consider the market for laptops in 2015. Between 2015 and 2016, the equilibrium price of laptops remained constant , but the equilibrium quantity of laptops increased. From this, you can conclude that between 2015 and 2016, the supply of laptops ________________ and the demand for laptops _______________.
Chapter3: Supply And Demand: Theory
Section: Chapter Questions
Problem 23QP
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Consider the market for laptops in 2015. Between 2015 and 2016, the
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