The production costs of laptop computers have decreased, and consumers are now demanding more laptops. What are the possible outcomes for the equilibrium price and the equilibrium quantity of laptop computers? Draw graphs to illustrate your answer.

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The Answer of The production costs of laptop computers have decreased, and consumers are now demanding more laptops. What are the possible outcomes for the equilibrium price and the equilibrium quantity of laptop computers? Draw graphs to illustrate your answer.

The Production Costs of Laptop Computers Have Decreased, and Consumers