The Table Given Below Reports the Quantity Demanded of a Good

question 42

Multiple Choice

The table given below reports the quantity demanded of a good by individuals 1, 2, and 3 at different prices.Table 3.1

-Other things remaining unchanged, which of the following is most likely to cause an increase in the demand for personal computers?

• A)A reduction in the price of personal computers
• B)An increase in the supply of personal computers
• C)An increase in the cost of computer printing ink
• D)An increase in the number of computer manufacturers
• E)A requirement by universities that all students buy personal computers

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Definitions:

Quasi-contract

A legal concept where a court enforces an agreement between parties even though there is no actual contract between them, to prevent one party from being unjustly enriched.

Unjust

Not based on or behaving according to what is morally right and fair.

Unilateral Contract

A contract in which only one party makes an enforceable promise to perform an action, often in response to an act by the other party.

Offeree

The party to whom an offer is made in a contract negotiation, who has the power to accept or reject that offer.