Other Things Being Equal, the Effects of an Increase in the Price

question 21

Multiple Choice

Other things being equal, the effects of an increase in the price of computers would best be represented by which of the following?

• A) A movement up along the demand curve for computers.
• B) A movement down along the demand curve for computers.
• C) A leftward shift in the demand curve for computers.
• D) A rightward shift in the demand curve for computers.

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Definitions:

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A complex mix of institutions, markets, instruments, and services that facilitate the transfer of funds and allocation of resources in an economy.

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A graphical symbol often used in software and applications to indicate the function for creating or adding a new item or document.