Multiple Choice
Assume both the demand for,and the supply of,Athlon 2 GHz processors increase.Which of the following outcomes is certain to occur?
A) The equilibrium price of Athlon 2 Ghz processors will rise.
B) The equilibrium quantity of Athlon 2 Ghz processors will rise.
C) The equilibrium price of Athlon 2 Ghz processors will fall.
D) The equilibrium quantity of Athlon 2 Ghz processors will fall.
E) Neither the equilibrium price nor the equilibrium quantity of Athlon 2 Ghz processors can be predicted.
Correct Answer:
Verified
Correct Answer:
Verified
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