Demand and Supply Curves

We guide a certain commodity, pure Malaysia Laptop, whose grocery we are dismission to analyze. Assume that exogenous (external) forces are equal in magnitude, while tack demand burns are unitary elastic. Given a certain resultant role/scenario, (a) analyze the cut down/s affected, shifts or movements and the direction, and (b) effect to equilibrium value (P*) and equilibrium quantity (Q*) Scenario 1 a. Prices of optical drives suddenly increase The deed cost has increased so the come out decreases and eventually the price go up.The supply curve shifts to the left. b. A new market-standard operating system is released to the market but be at least 50% higher than the front edition This issue is considered another ingatheringion cost so the supply curve shifts to the left. The supply decreases and price goes up. c. News spread that local anaesthetic laptop computers were begrime with melamine Demand decreases be fare people buy less due to the intelligence so the de mand curve shifts to the left and the Q and P both(prenominal) decrease. d.Video chatting and internet-on-the-go release fad New technology makes people buy more of the product so demand increases and as a resolution the demand curve shifts to the right and price and quantity both increases. Scenario 2 a. China laptop manufacturers were permitted to enter the Malaysian market Cheaper products attract consumers, so the demand for our product decreases. The shift in the demand curve goes to left and the P and Q both decreases. b. Average desktop computer prices have plunged to all-time lowsIf desktop computers travel cheaper the demand for laptops decreases so the demand curve shifts to left and eventually the P and Q decrease. c. New taxes were imposed to laptops sales (per unit tax) Imposing new taxes to laptops is extra cost for the production. so it affects the supply and the supply curve shifts to left. so the P increases and Q decreases. d. A recession/economic downturn cau se the income of consumers to pin and cause the prices of laptop parts to increaseWhen consumers income decreases, the demand goes down and the demand curve shifts to the left. On the other hand the prices of laptop parts increases and that makes the production costs to increase so the supply decrease and the supply curve shifts to left. So the quantity decreases while we have an ambiguous equilibrium price. Scenario 3 a. Biggest local laptop manufacturer suddenly become bankrupt and the government gives indemnity to consumers to purchase educational and computer-literacy related goodsBy the biggest local laptop manufacturer departure bankrupt, our companys supply goes up and eventually the price goes up. The demand curve shifts to the left. So the Q decreases. b. New production techniques were adopted by local laptop manufacturer and prices of inputs in the production of desktop computer decline significantly When the prices for laptops decease the demand goes up and as a conseq uence the demand curve shifts to the right so the price and quantity increase.