(Answered) Assume the following the demand for all computers is price

Economics

Assume the following: The demand for all computers is price elastic. Laptop and desktop computers are substitutes. Laptops and DVD burners are compliments. Using three separate S&D graphs (laptops, desktops, and DVD burners) to show the impact of a change in technology that improves only the production of laptop computers on the following: ( ____/10)

i. Price of laptop computers

ii. Output of laptop computers

iii. Total revenue of laptop computer producers

iiii. Price of desktop computers

v. Output of desktop computers

vi. Price of DVD burners vii. Output of DVD burners

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Macroeconomics, Economics

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