Exhibit 4-5 Supply and Demand Curves for Computers

question 122

Multiple Choice

Exhibit 4-5 Supply and demand curves for computers
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-Which of the following changes could cause the computer market to change as shown in Exhibit 4-5?

• A) Lower costs for computer chips and motherboards.
• B) The failure of several computer manufacturers.
• C) Higher prices for computer software.
• D) More features and greater ease of use.

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Definitions:

Production

The process of creating, manufacturing, or constructing products or services.

Standard Deviation

A means of gauging the extent of distribution or variation within a group of data.

Bacteria

Bacteria are microscopic, single-celled organisms that can be found in virtually all environments and can be beneficial, neutral, or harmful to other forms of life.

Standard Normal Distribution

The standard normal distribution is a normal distribution with a mean of 0 and a standard deviation of 1, used in hypothesis testing and probability determination.