During the Last Decade, the Price of a Computer Fell

question 328

Multiple Choice

During the last decade, the price of a computer fell every year and the quantity sold increased every year. This experience suggests that the

• A) "law of demand" was definitely contradicted.
• B) "law of supply" was definitely contradicted.
• C) demand curve shifted rightward.
• D) supply curve shifted rightward.

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Definitions:

Per Capita

A statistical measure that divides a total figure by the number of people in a population, used to give an average per person.

Water Consumption

The total volume of water used by individuals, communities, industries, or agriculture over a specified period.

Total Fertility Rate

The average number of children that would be born to a woman over her lifetime, given current birth rates.

Per Capita Consumption

The average consumption of a good or service per individual within a population.