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

question 26

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

---

Definitions:

Tax Authority

A Tax Authority is an entity responsible for administering the tax law, including collecting taxes and enforcing tax regulations.

Judicial Sources

Legal documents, court decisions, and laws that provide the authority or basis for legal interpretations and decisions.

Form 1040EZ

A simplified tax form for individuals with straightforward tax situations, no longer in use as of 2019.

Taxable Income

The amount of income that is used to determine how much tax an individual or a business owes to the government.