Assume That the Demand Curve for Tablet Computers Shifts to the Right

question 108

Multiple Choice

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

• A)both the equilibrium price and quantity of tablet computers will decrease.
• B)both the equilibrium price and quantity of tablet computers 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.

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Definitions:

Behind Stomach

Referring to the anatomical area located posterior to the stomach in the human body.

Pituitary

A small pea-sized gland located at the base of the brain, critical for regulating growth and the function of other glands in the endocrine system.

Thyroid

A butterfly-shaped gland located in the neck, producing hormones that regulate metabolism, energy generation, and growth.

Adrenal

refers to small, triangular glands located above the kidneys that produce hormones like adrenaline and cortisol, playing a key role in the body's stress response.