Microeconomics 6th Edition by Robert Hall, Shirley Kuiper, Marc Lieberman

Exercise 2

Indicate which curve shifted-and in which direction-for each of the following. Assume that only one curve shifts.
a. The price of furniture rises as the quantity bought and sold falls.
b. Apartment vacancy rates increase while average monthly rent on apartments declines.
c. The price of personal computers continues to decline as sales skyrocket