Assuming the Most Typical Shapes of the Demand and Supply

question 19

Multiple Choice

Assuming the most typical shapes of the demand and supply curves,which of the following could lead to an increase in the current equilibrium price for personal computers?

• A) a decrease is the price of computer chips
• B) a decrease in buyers' incomes,assuming that computers are a normal good
• C) a technological improvement that reduces manufacturing costs
• D) expectations of a higher future price
• E) an increase in the price of computer software

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Definitions:

Basic Statistics

The study of collecting, summarizing, analyzing, and making inferences from data.

Quiz Completion

The act of finishing all the questions or requirements of a quiz.

Statistical Control

A set of statistical techniques used to adjust for or take into consideration the effects of other variables when analyzing data sets.

Final Output

The ultimate product or result that is produced after completing a process or series of actions.