The Price of Hard Drives Used in the Manufacturing of Laptop

question 159

Multiple Choice

The price of hard drives used in the manufacturing of laptop computers has risen. This will lead to ________ laptop computers.

• A) an increase in the supply of
• B) a decrease in the supply of
• C) an increase in the quantity supplied of
• D) a decrease in the quantity supplied of

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Definitions:

Flexible Exchange-rate System

An exchange rate regime in which a currency's value is allowed to fluctuate according to the foreign exchange market.

European Euro

The official currency used in 19 of the 27 European Union countries, known as the Eurozone.

Rate of Exchange

The price of one country's currency expressed in terms of another country's currency, facilitating international trade and investment.

Supply and Demand Curves

Graphical representations that show the relationship between the prices of goods and services and their quantities supplied and demanded in the market.