Given the Demand Curve for Laptop Computers,if the Government Began

question 65

Multiple Choice

Given the demand curve for laptop computers,if the government began to encourage households to own a computer by providing a subsidy to each family that buys one,

• A) both the equilibrium price and quantity of laptops will increase
• B) both the equilibrium price and quantity of laptops will decrease
• C) the equilibrium price of laptops will increase but the equilibrium quantity will decrease
• D) the equilibrium price of laptops will decrease but the equilibrium quantity will increase
• E) subsidies to households have no effect on either the supply or demand

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