-The Graph Illustrates the Market for Computers

question 104

Multiple Choice

-The graph illustrates the market for computers.If the number of buyers of computers increases and technology advances,you predict that the

• A) equilibrium quantity of computers will increase.
• B) equilibrium quantity of computers will decrease.
• C) equilibrium price of a computer will rise.
• D) equilibrium price of a computer will fall.
• E) equilibrium quantity of computers might increase, decrease, or not change.

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Definitions:

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