Multiple Choice
Suppose there is an increase in both the supply and demand for personal computers. Further, suppose the supply of personal computers increases more than demand for personal computers. In the market for personal computers, we would expect
A) the change in the equilibrium quantity to be ambiguous and the equilibrium price to fall.
B) the equilibrium quantity to rise and the equilibrium price to rise.
C) the equilibrium quantity to rise and the change in the equilibrium price to be ambiguous.
D) the equilibrium quantity to rise and the equilibrium price to fall.
E) the equilibrium quantity to rise and the equilibrium price to remain constant.
Correct Answer:

Verified
Correct Answer:
Verified
Q36: Suppose there is an increase in both
Q37: Which of the following are the best
Q38: Suppose both buyers and sellers of wheat
Q39: A decrease (leftward shift) in the supply
Q40: If the same dairy can produce either
Q42: Refer to Table 3-1. Given this
Q43: Suppose consumer tastes shift toward the consumption
Q44: The commercial airliner industry, consisting of Boeing
Q45: The law of demand states that an
Q46: a. What is the difference between a