Suppose There Is an Increase in Both the Supply and Demand

question 41

Multiple Choice

Suppose there is an increase in both the supply and demand for personal computers. Further, suppose the supply of personal computers increases more than demand for personal computers. In the market for personal computers, we would expect

• A) the change in the equilibrium quantity to be ambiguous and the equilibrium price to fall.
• B) the equilibrium quantity to rise and the equilibrium price to rise.
• C) the equilibrium quantity to rise and the change in the equilibrium price to be ambiguous.
• D) the equilibrium quantity to rise and the equilibrium price to fall.
• E) the equilibrium quantity to rise and the equilibrium price to remain constant.

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Definitions:

Ballet Corps

The group of dancers in a ballet company who perform together as an ensemble, distinct from soloists and principal dancers.

Proofreading

The process of reading and reviewing a piece of writing to correct any errors in spelling, punctuation, or grammar before it is published or shared.

Writing Process

A series of steps that writers follow to produce a piece of writing, typically involving planning, drafting, revising, and editing.

Error Pattern

A recurring mistake or a common incorrect response in a particular task, often identifiable in learning and cognitive processes.