Consider the demand for computers. For each of the following, state the effect on demand:
a.An increase in consumer incomes.
b.An increase in the price of computers.
c.A decrease in the price of Internet services providers.
d.A decrease in the price of semiconductors.
Consider the supply of computers. For each of the following, state the effect on supply:
a.A change in technology that lowers production costs.
b.An increase in the price of semiconductors.
The expert finds how supply and demand related in several situations.