If the Demand Curve for Desktop Computers Shifts Rightward and at the Same

question 77

Multiple Choice

If the demand curve for desktop computers shifts rightward and at the same time the supply curve shifts leftward, then

• A) the equilibrium quantity definitely increases.
• B) the equilibrium quantity definitely remains the same.
• C) more information is needed to determine the effect on the equilibrium quantity.
• D) the equilibrium quantity definitely decreases.
• E) the equilibrium price definitely falls.

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Definitions:

Sociological Jurisprudence

A philosophical approach to law that focuses on the social effects of legal institutions, doctrines, and practices, by examining how the law influences society and how social phenomena impact the law.

Natural Law

a philosophy proposing that certain rights or values are inherent by virtue of human nature and can be universally understood through human reason.

Social Values

Principles and standards shared by a community that guide behavior and influence societal norms and the functioning of social institutions.

Ordinances

Local laws or regulations enacted by municipal governments to govern behavior and activities within their jurisdiction.