If the Demand Curve for Desktop Computers Shifts Rightward and at the Same

question 73

Multiple Choice

If the demand curve for desktop computers shifts rightward and at the same time the supply curve shifts leftward,then

• A)the equilibrium quantity definitely increases.
• B)the equilibrium quantity definitely decreases.
• C)the equilibrium quantity definitely remains the same.
• D)the equilibrium price definitely falls.
• E)More information is needed to determine the effect on the equilibrium quantity.

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Definitions:

Authorized Representative

An individual or entity legally empowered to act on behalf of another person or group in business dealings.

Negotiate

The process of discussing something with one or more people in order to reach an agreement or compromise.

Assignment

The act of transferring rights or duties under a contract to another party.

Equity Bank

A financial institution that offers banking services with a focus on equity financing, or alternatively, a bank that has equity in other companies.