Assume That Both the Demand Curve and the Supply Curve

question 90

Multiple Choice

Assume that both the demand curve and the supply curve for tablet computers shift to the right, but the supply curve shifts more than the demand curve. As a result:

• A)both the equilibrium price and quantity of tablet computers will decrease.
• B)the equilibrium price of tablet computers will decrease; the equilibrium quantity will increase.
• C)the equilibrium price of tablet computers may increase or decrease; the equilibrium quantity will decrease.
• D)the equilibrium price of tablet computers will increase; the equilibrium quantity will decrease.