If the Demand Curve for Desktop Computers Shifts Rightward and at the Same

question 192

Multiple Choice

If the demand curve for desktop computers shifts rightward and at the same time the supply curve shifts leftward,then

• A) the equilibrium price definitely rises.
• B) the equilibrium price definitely falls.
• C) the equilibrium price definitely remains the same.
• D) More information is needed to determine the effect on the equilibrium price.
• E) the equilibrium quantity definitely increases.

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Definitions:

Omission

The act of leaving out or excluding information, actions, or entities, either intentionally or inadvertently.

Common-value Issue

A matter or concern that holds the same value or importance to all parties involved in a negotiation or dispute.

Bottom Line

The final or most important point in a discussion, negotiation or consideration, often referring to the least acceptable terms one is willing to accept.

Negotiator Performance

The effectiveness with which a negotiator is able to achieve their objectives in a negotiation.