Figure 3.1
Answer the indicated question(s)by selecting the letter of the following diagrams showing supply and demand shifts that best represent the effect of each event on the relevant market,ceteris paribus.
-Refer to Figure 3.1.Consider the market for desktop computers.Consumers decide they like laptop computers better than desktops.

Question

Figure 3.1
Answer the indicated question(s)by selecting the letter of the following diagrams showing supply and demand shifts that best represent the effect of each event on the relevant market,ceteris paribus. 
-Refer to Figure 3.1.Consider the market for desktop computers.Consumers decide they like laptop computers better than desktops.

Quizplus · Accepted Answer

When consumers prefer laptops over desktops, the demand for desktop computers decreases. This is represented by a leftward shift of the demand curve, which is depicted in option C.

Figure 3.1 Answer the Indicated Question(s)by Selecting the Letter of the Following