Figure 4-10
-Refer to Figure 4-10. Which of the following movements would illustrate the effect of an increase in the price of microprocessors, a material used to make laptops, on the market for laptops?

Question

Figure 4-10 
-Refer to Figure 4-10. Which of the following movements would illustrate the effect of an increase in the price of microprocessors, a material used to make laptops, on the market for laptops?

Quizplus · Accepted Answer

An increase in the price of microprocessors, which are a material used to make laptops, would increase the production costs for laptops. This would decrease the supply of laptops, shifting the supply curve to the left from Point C to Point D, illustrating a decrease in supply due to higher input costs.

Figure 4-10 -Refer to Figure 4-10. Which of the Following Movements Would