whether the following statement is true, false or uncertain and explain your er. Clearly state the effect of each event and the final outcome. The pandemic has generated a shortage of semiconductors used for naking laptops. The pandemic also caused an increase in remote working nd online learning, which requires the use of a laptop. As a result, the quilibrium quantity of laptops increased and the price of laptops

Microeconomics A Contemporary Intro
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Author:MCEACHERN
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Chapter2: Economic Tools And Economic Systems
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Note whether the following statement is true, false or uncertain and explain your
answer. Clearly state the effect of each event and the final outcome.
"The pandemic has generated a shortage of semiconductors used for
making laptops. The pandemic also caused an increase in remote working
and online learning, which requires the use of a laptop. As a result, the
equilibrium quantity of laptops increased and the price of laptops
decreased."
Transcribed Image Text:Note whether the following statement is true, false or uncertain and explain your answer. Clearly state the effect of each event and the final outcome. "The pandemic has generated a shortage of semiconductors used for making laptops. The pandemic also caused an increase in remote working and online learning, which requires the use of a laptop. As a result, the equilibrium quantity of laptops increased and the price of laptops decreased."
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Economic equilibrium is a state in a market-based economy in which monetary powers - like organic market - are adjusted.

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