Answer to Question #89556 in Microeconomics for salman khan

Question #89556
calculator more school require students to buy and use calculator improved productivity shortens the time it takes to make calculators in this case demand effect
1
Expert's answer
2019-05-13T10:05:20-0400

In the case when schools require from students to purchase a calculator, the increase of amount that is required will take place. It will result in motion of demand curve for the calculation of calculators to the right. Id est, at any this price, demand on calculators will be higher, than it was before. Thus, an equilibrium price will increase, if there will not be a corresponding change of amount of supplies of calculators.


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