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.
Need assignment help for this question?
If you need assistance with writing your essay, we are ready to help you!
Why Choose Us: Cost-efficiency, Plagiarism free, Money Back Guarantee, On-time Delivery, Total Сonfidentiality, 24/7 Support, 100% originality
Improved technology that makes it less expensive to produce laptops.
An expected increase in the price of laptops in the future.