-The Graph Illustrates the Market for Computers

question 104

Multiple Choice

-The graph illustrates the market for computers.If the number of buyers of computers increases and technology advances,you predict that the

• A) equilibrium quantity of computers will increase.
• B) equilibrium quantity of computers will decrease.
• C) equilibrium price of a computer will rise.
• D) equilibrium price of a computer will fall.
• E) equilibrium quantity of computers might increase, decrease, or not change.

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Definitions:

Free-Soil Party

A pre-Civil War political party in the United States that was opposed to the expansion of slavery into the western territories.

Congressional Elections

Elections held every two years in the United States to elect members to the House of Representatives and one-third of the Senate, determining the legislative makeup of Congress.

Sectional Party

A political party that represents the interests of a particular geographical region within a country.

Kansas-Nebraska Act

Legislation passed in 1854 that created the territories of Kansas and Nebraska, opening new lands for settlement and allowing the settlers to decide whether to allow slavery, leading to a violent period known as "Bleeding Kansas."