Figure 3.1 Answer the Indicated Question(s)by Selecting the Letter of the Following

question 69

Multiple Choice

Figure 3.1
Answer the indicated question(s) by selecting the letter of the following diagrams showing supply and demand shifts that best represent the effect of each event on the relevant market,ceteris paribus.
-Refer to Figure 3.1.Consider the market for desktop computers.Consumers decide they like laptop computers better than desktops.

• A) A
• B) B
• C) C
• D) D

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Definitions:

Military Functions

The roles and responsibilities of the armed forces, including defense, deterrence, and support in national emergencies.

For-profit Corporations

Businesses that operate with the primary goal of earning profit for their owners or shareholders.

Communism

An economic system where the state is the sole owner of the systems of production.

Production Systems

The methods, technologies, and processes used to produce goods and services.