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    Economics help Supply and Demand?

    Question is at the very bottom. Number 1 & 2, I have already completed. 1.A change in the price of the Garmin GPS will cause a change in demand. If the Garmin GPS prices decrease, TomTom will lose sales (demand) for their units to Garmin GPS. Therefore consumers will buy the Garmin GPS before...
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    Economics questions help to clarify?

    The question is below... I think the answer is supply, but I'm not sure If I'm getting all this 100%, can someone help explain? If the only change to the "TomTom GPS Market" is that the price of microchips needed to produce the GPS unit decreases, would this be reflected as a change in demand...
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