Multiple Choice
Assume that both the demand curve and the supply curve for tablet computers shift to the right, but the demand curve shifts more than the supply curve. As a result:
A) both the equilibrium price and quantity of tablet computers will increase.
B) the equilibrium price of tablet computers will increase; the equilibrium quantity may increase or decrease.
C) the equilibrium price of tablet computers may increase or decrease; the equilibrium quantity will increase.
D) the equilibrium price of tablet computers will decrease; the equilibrium quantity may increase or decrease.
Correct Answer:
Verified
Correct Answer:
Verified
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