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:

Long Range

Pertaining to planning or forecasting far into the future, often involving periods of several years or more.

Savers

Individuals or entities that set aside funds for future use, typically by depositing money in savings accounts or investing in securities.

Cash Movement

The inflow and outflow of cash within a business, highlighting the company's ability to generate cash and manage expenses.

Financial Markets

Platforms or systems that facilitate the trading of financial instruments such as stocks, bonds, currencies, and derivatives, allowing for the allocation of resources over time.