Price rise on quantity demanded

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The very small country of Powerless produces no laptop computers whatsoever. It can purchase laptops on the highly competitive world laptop market at the prevailing world price.

In a diagram showing the market for laptops in Powerless (with price of laptops on the y-axis and quantity of laptops on the x-axis), illustrate the quantity of laptops demanded, the level of imports of laptops, the price paid for laptops and the consumer surplus

Reference no: EM1317262

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