Given the Demand Curve for Laptop Computers,if the Government Began

question 65

Multiple Choice

Given the demand curve for laptop computers,if the government began to encourage households to own a computer by providing a subsidy to each family that buys one,

• A) both the equilibrium price and quantity of laptops will increase
• B) both the equilibrium price and quantity of laptops will decrease
• C) the equilibrium price of laptops will increase but the equilibrium quantity will decrease
• D) the equilibrium price of laptops will decrease but the equilibrium quantity will increase
• E) subsidies to households have no effect on either the supply or demand

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Definitions:

Operational Planning

The process of planning short-term actions and strategies to achieve goals and objectives set by strategic planning.

Budgeting

The process of creating a plan to spend your money, allowing an individual or organization to determine in advance whether they can afford the necessary expenditures.

Strategic Plans

Strategic plans are comprehensive outlines detailing an organization's goals, priorities, and actions designed to achieve long-term objectives.

Annual Operating Plans

Detailed plans that outline the goals, strategies, and activities for an organization for the upcoming fiscal year.