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Business, 07.07.2021 01:00 Hfruit

Use the three-step demand-supply analysis to analyze changes to the equilibrium price, and quantity in the California computer market when Intel introduces a new but much cheaper computer chip (with the same computing power). Step 1: Decide if the new chip shifts the computer demand or the supply curve or both:

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Use the three-step demand-supply analysis to analyze changes to the equilibrium price, and quantity...
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