Assume That Both the Demand Curve and the Supply Curve

question 45

Multiple Choice

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

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

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Definitions:

Nobel Prize

Prestigious international award given annually in several categories including physics, chemistry, medicine, literature, and peace.

Stereocontrol

The process by which the configuration of the product of a chemical reaction is controlled.

Alkene Polymerizations

A process by which small alkene molecules (monomers) join together to form long chain polymers under certain conditions.

1,4-Polymerization

A type of polymerization where monomers join together at the 1st and 4th positions, typically seen in the production of certain types of plastics and elastomers.