Consider the market for Netbook Computers. Illustrate and discuss the impact of the following changes on the market (demand and/or supply). Be sure to state the impact this has on equilibrium price and quantity.
a. A technological breakthrough occurs which makes production cheaper and easier.
b. Consumers expect the price of Netbook Computers to decrease in the near future. They believe that it will be a permanent price decrease.
c. The average income of Netbook Computer customers increases. Assume that Netbooks are Normal goods.
d. The government imposes a tax on the producers of Netbook Computers.