Illustrate the following with supply and demand curves. For each, include 1-3 sentences explaining your graph. For full credit, graphs must be both fully labeled and correct, and explanations must be complete and correct.
With increased access to wireless technology and lighter weight, the demand for laptop computers has increased substantially. Laptops have also become easier and cheaper to produce as new technology has come online. Despite the shift in demand, prices have fallen.
Cranberry production in Massachusetts totaled 2.37 million barrels in 2008, a 56% increase from the 1.52 million barrels produced in 2007. The price of cranberries increased from $49.80 per barrel in 2007 to $56.70 per barrel in 2008.