Other Things Being Constant, the Only Way to Move Along

question 428

Multiple Choice

Other things being constant, the only way to move along a given supply curve for a product is for

• A) the product's relative price to change.
• B) the future relative price of related goods to change.
• C) the number of sellers to change.
• D) technological changes to occur.

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Definitions:

ALU

ALU stands for Arithmetic Logic Unit, a crucial component of the CPU that handles arithmetic and logic operations.

Microprocessor

A small, integrated circuit that performs the functions of a central processing unit of a computer.

CPUs

The central processing units of a computer, which are the primary components responsible for executing instructions and processing data.

Microchip

A small semiconductor device containing integrated circuits, used in virtually all electronic equipment.