Other Things Constant, a Decrease in the Demand for Computers

question 38

Multiple Choice

Other things constant, a decrease in the demand for computers will

• A) increase the price of computers.
• B) increase the quantity supplied of computers.
• C) increase the demand for computer manufacturing workers.
• D) decrease the demand for computer manufacturing workers.

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Definitions:

Public Ownership

Ownership of assets by the government or state, usually in sectors considered critical for public welfare.

Barriers To Entry

Barriers to entry are obstacles that make it difficult for new competitors to enter a market, including high startup costs, strict regulations, and established brand dominance.

Monopoly Markets

Markets dominated by a single seller, leading to less competition and higher prices for consumers.

Government Intervention

Actions taken by a government to affect the economy, which can include regulations, subsidies, tariffs, and fiscal or monetary policies.