Desktop computers have fallen out of favor because consumers prefer portability. at the same time, the components needed to produce a desktop computer have decreased in price. given these changes, what will happen to the equilibrium price for desktop computers?

The equilibrium price will fall because of a decrease in demand and increase in supply

Explanation:

In the given scenario, the market for desktop computer is experiencing a decrease in demand, since users prefer portability, while also experiencing an increase in supply (with cheaper materials producer are able to increase productivity). Both of these factors lead to a decrease of the equilibrium price due to a decrease in demand and increase in supply.

$751

Explanation:

From the question we have the following information;

Gross income = $1000.00

Deductions =   $294.00

Now we know that;

Net income = Gross income - Deductions

Therefore;

Net income = $1000.00 -  $294.00

Net income = $751