-The Above Figure Shows the Market for Laptops

question 78

Multiple Choice

-The above figure shows the market for laptops.Which of the following shifts the supply curve from S? to S??

• A) an increase in the cost of hard drives
• B) a decrease in the price of laptops
• C) an increase in the number of laptop manufactures and sellers
• D) an increase in the price of laptops
• E) an increase in the productivity of the workers manufacturing laptops

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Definitions:

Losses

The negative financial result from business activities when costs exceed revenues.

Demand

The total quantity of a good or service that consumers are willing and able to purchase at various prices during a specified period.

Supply

The total amount of a product or service that is available to consumers.

Rents

Payments made for the use of property or land; in economics, it also refers to earnings in excess of the minimum amount needed to keep a factor of production in its current use.