https://classicassignments.com/wp-content/uploads/2021/01/final-bg.png 0 0 Davie https://classicassignments.com/wp-content/uploads/2021/01/final-bg.png Davie2019-06-26 11:50:452019-06-26 11:50:45decrease in the market equilibrium price
decrease in the market equilibrium price
Which of the following statements explains a decrease in the market equilibrium price for laptops?Question
An increase in consumer disposable income when laptops are inferior goods.
A change in consumer tastes and preferences making cell phones more attractive.
Improved technology that makes it less expensive to produce laptops.
An expected increase in the price of laptops in the future.