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What Effects Will the Following Changes Have on the Price

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Essay

What effects will the following changes have on the price and quantity traded of computers?
a)General population increases
b)New and better technology for producing computers is introduced
c)Income of the population increases
d)Wage for computer workers increase


Definitions:

Skirt

A garment fastened around the waist and hanging down around the legs, worn typically by women and girls.

Merchandising

The activity of promoting the sale of goods, especially by their presentation in retail outlets.

Opportunity

A set of circumstances that makes it possible to do something or achieve a goal.

Industrial Revolution

The period of major industrialization that took place during the late 1700s and early 1800s, significantly transforming agriculture, manufacturing, and transportation worldwide.

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