Manufacturers of gaming computers use specialized high-end graphic cards in the production process. Which of the...
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Manufacturers of gaming computers use specialized high-end graphic cards in the production process. Which of the following would occur in the market for gaming computers, if the price of these graphic cards decreases?
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Supply will decrease
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Supply will increase
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Supply will stay the same
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Supply could increase or decrease
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Homework Answers
Answer
Option 2
Supply increases
The graphic card is an input in the production process so the decrease in an input cost increases the supply of gaming computers and shifts it to the right which increases quantity and price in the new equilibrium
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