1. The Market for Tablet Computers

2. “In 2009, about 15 PC makers released tablets.”

3. Market for Tablet ComputersD P Q
Eq0

4. Market for Tablet Computers
Originally the Ipad was the only tablet.
Now that others have created competing products…..
An increase in the number of sellers causes an increase in supply. S1 S0 D P Q
Eq0
Eq1
The shift in supply happens immediately. In the longrun, if all else remains the same the equilibrium price will drop and the qty demanded will increase. This is proof that competition benefits the consumer