Should laptop producers be happy or sad about technological

Reference no: EM13236955

a. Draw a supply and demand digram to show what happens to price, quantity, consumer surplus, and producer surplus in the market for Ipads.

b. Ipads and laptops are substitutes. Use a supply and demand to show what happens to price, quantity, consumer surplus, and producer surplus in the market for laptops (after a technological advance has reduced the cost of making Ipads). Should laptop producers be happy or sad about the technological advance in IPads?

Reference no: EM13236955

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