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Unformatted text preview: People will buy more computers at lower price the law of demand states that quantity demanded varies inversely with Price. Reason for shift : Price of inputs the supply curve shifts to the right. The price of labor decreased and the supplier (Dell) is more willing to sell more at lower prices. The points people lose are in not giving a reason (determinant) for a shift. D S2 Q1 Q2 Q S P1 P2...
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This note was uploaded on 09/13/2011 for the course ECON 102 taught by Professor Yotsubo during the Spring '08 term at Rutgers.
- Spring '08