This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: b. Demand would decrease c. Quantity demanded would increase d. Quantity demanded would decrease 4. Show the effect of the change in desktop prices on the graph above (be sure to label your change). 5. Suppose NC State decides to close all the computer labs on campus, and imposes a new policy requiring all students to have a laptop computer. Since they realize that laptops can be fairly expensive, they decide that manufacturers cannot sell NC State students a computer for more than $600. How is the market affected? Is the outcome favorable? 1. A price ceiling that has favorable effects for society 2. A price ceiling that has unfavorable effects on society. 3. A price floor that has favorable effects for society 4. A price floor that has unfavorable effects for society. 6. Please label this affect on the graph from part A....
View Full Document
This homework help was uploaded on 04/02/2008 for the course EC 205 taught by Professor Hymen during the Spring '08 term at N.C. State.
- Spring '08