Consider the market for tablet computers (like iPads and Android tablets). Suppose the average price

Consider the market for tablet computers (like iPads and Android tablets). Suppose the average price of an iPad goes up by $20 when a major online retailer changes its sale policies. Which of the following will occur?

Correct Answer(s)

The demand for Android tablets will increase.

The price of Android tablets will increase.

Incorrect Answer(s)

The supply curve for Android tablets will shift.

The supply curve for iPads will shift.

The demand curve for iPads will shift.

Fill in the blanks.

Suppose that Seattle’s city government decides to increase the minimum wage for coffee shop baristas. This would decrease the supply of coffee by altering the cost of inputs.