How does an increase in the price of laptop memory chips affect the market of laptops?
A)The demand curve for laptops shifts to the right
B)The demand curve for laptops shifts to the left
C)The supply curve for laptops shifts to the right
D)The supply curve for laptops shifts to the left

Question

How does an increase in the price of laptop memory chips affect the market of laptops?​
A)​The demand curve for laptops shifts to the right
B)The demand curve for laptops shifts to the left
C)The supply curve for laptops shifts to the right
D)​The supply curve for laptops shifts to the left

Quizplus · Accepted Answer

An increase in the price of laptop memory chips increases the production costs for laptops, making it more expensive to produce them. This would likely lead to a decrease in the quantity supplied at each price point, represented by a leftward shift of the supply curve for laptops.

How Does an Increase in the Price of Laptop Memory