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:

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A thick, fan-shaped muscle situated at the chest of the human body which aids in the movement of the shoulder joint.

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The existence or presence of a disease or abnormal condition as determined by diagnostic evaluation or examination.

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Indicates the presence of disease or abnormal conditions as identified through diagnostic methods.