As a result of an increase in demand from D2 to D1 in Figure 36.4, ceteris paribus, the price of a $40,000 U.S. computer system, in terms of Japanese yen, would: =

A. Decrease in price by 200,000 million yen.
B. Increase in price by 200,000 million yen.
C. Increase in price by 800,000 yen.
D. Decrease in price by 800,000 yen.


Answer: C

Economics

You might also like to view...

It is possible that if a monopoly is broken up, the cost of production for that product could increase.

Answer the following statement true (T) or false (F)

Economics

When are most economists less concerned or even quite supportive of larger budget deficits?

a. prior to an anticipated recession b. during and immediately after a severe recession c. during economic expansion d. several years after economic recovery

Economics

Disclosure laws:

A. are an example of how government attempts to assert control over what we eat. B. can result in information overload. C. always help solve information asymmetry, but can cause other problems. D. All of these statements are true.

Economics

Starting from long-run equilibrium, a war that raises government purchases results in ________ output in the short run and ________ output in the long run.

A. lower; potential B. higher; potential C. higher; higher D. lower; higher

Economics