Consider the demand for computers. For each of the following, state the effect on demand:
a. An increase in consumer incomes.
b. An increase in the price of computers.
c. A decrease in the price of Internet services providers.
d. A decrease in the price of semiconductors.
Consider the supply of computers. For each of the following, state the effect on supply:
a. A change in technology that lowers production costs.
b. An increase in the price of semiconductors.