Anyone who knows how to properly label a supply and demand graph please help! Draw a supply and demand graph for the given scena
rio
1 answer:
The factor that would shift demand is the reduction in the price of laptops.
The equilibrium price and quantity would decrease.
<h3>What is the result of the policy?</h3>When the price of laptops are reduced, the quantity demand for laptops would increase while the demand for computers would fall. This is because computers and laptops are substitute goods.
As a result of a fall in the demand for computers, the demand curve would shift to the left. Equilibrium price and quantity would fall.
Please find attached the required diagram. To learn more about the demand curve, please check: brainly.com/question/25140811
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