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10 April, 14:11

Show the change in the market for laptop computers that is consistent with the following statement: "When a technological advance improves the features of laptop computers, the price of laptop computers rises, and the price of a used desktop computer falls."

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  1. 10 April, 16:13
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    Answer: "When a technological advance improves the features of laptop computers":

    By improving the quality of laptops, the demand curve shifts to the right causing prices to rise and leaving used laptops obsolete, therefore their price decreases.
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