Suppose That the Market for Computers Is Initially in Equilibrium

question 66

Multiple Choice

Suppose that the market for computers is initially in equilibrium. Further suppose that there is an increase in the price of computer software. Which of the following accurately describes the new equilibrium in the computer market?

• A)The equilibrium price will rise; the equilibrium quantity will fall.
• B)The equilibrium price will rise; the equilibrium quantity will rise.
• C)The equilibrium price will fall; the equilibrium quantity will fall.
• D)The equilibrium price will fall; the equilibrium quantity will rise.

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Definitions:

Separation Anxiety

Emotional distress seen in individuals, especially children, due to being separated from familiar people or environments.

Distress

A negative emotional state caused by stress, characterized by feelings of anxiety, sorrow, or pain.

Separation Anxiety

a disorder characterized by excessive anxiety regarding separation from home or from those to whom the individual has a strong emotional attachment.

Stranger Wariness

A developmental stage in infants and young children where they start to show apprehension or fear towards unfamiliar people.