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Homework answers / question archive / Which of the following statements explains a decrease in the market equilibrium price for laptops? a
Which of the following statements explains a decrease in the market equilibrium price for laptops?
a. An increase in consumer disposable income when laptops are inferior goods.
b. A change in consumer tastes and preferences making cell phones more attractive.
c. Improved technology that makes it less expensive to produce laptops.
d. An expected increase in the price of laptops in the future.
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