Solved

Assuming the Most Typical Shapes of the Demand and Supply

Question 19

Multiple Choice

Assuming the most typical shapes of the demand and supply curves,which of the following could lead to an increase in the current equilibrium price for personal computers?


A) a decrease is the price of computer chips
B) a decrease in buyers' incomes,assuming that computers are a normal good
C) a technological improvement that reduces manufacturing costs
D) expectations of a higher future price
E) an increase in the price of computer software

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q14: Income is to wealth as<br>A) hours are

Q15: The demand curve for dolls shows the

Q16: If sellers decide to sell more calculators

Q17: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3972/.jpg" alt=" -Which of the

Q18: An increase in the price of a

Q20: "As income rises,the demand for most goods

Q21: If two goods are substitutes,then a(n)<br>A) increase

Q22: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3972/.jpg" alt=" -In Figure 3-8,using

Q23: An increase in quantity supplied can be

Q24: The quantity supplied of a good<br>A) is