Multiple Choice
"As the price of personal computers continues to fall,demand increases." This headline is inaccurate because
A) a change in the price of personal computers shifts the demand curve.
B) a change in the price of personal computers shifts the supply curve.
C) the statement is backwards: increased demand leads to lower prices.
D) falling prices of personal computers increase quantity demanded,not demand.
E) falling prices of personal computers increase quantity supplied.
Correct Answer:
Verified
Correct Answer:
Verified
Q112: If the price in a market is
Q113: If,in a particular market,all unexploited opportunities have
Q114: An increase in the demand for GM
Q115: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3713/.jpg" alt=" -Assume demand remains
Q116: "Holding all other relevant factors constant,consumers will
Q118: Assume the demand for flash drives increases,while
Q119: In general,when the demand curve shifts to
Q120: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3713/.jpg" alt=" -The data show
Q121: The equilibrium price and quantity of any
Q122: Assume the demand for graphics cards decreases,while