Assuming the most typical shapes of the demand and supply curves, which of the following could lead to an increase in the current equilibrium price for personal computers?
a. a decrease is the price of computer chips
b. a decrease in buyers' incomes, assuming that computers are a normal good
c. a technological improvement that reduces manufacturing costs
d. expectations of a higher future price
e. an increase in the price of computer software
D
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Suppose the tax rate on interest income is 25 percent, the real interest rate is 4 percent, and the inflation rate is 4 percent. In this case, the real after-tax interest rate is
A) 4.0 percent. B) .5 percent. C) 2.0 percent. D) 1.0 percent. E) 3.5 percent.
Which theory best explains the wealth inequalities amongst nations?
A) weather B) government institutions C) natural selection D) factors outside of any human control E) levels of corruption
The Edgeworth box:
A. is a diagram that shows two consumers' opportunities and choices in a single figure. B. can be used to illustrate equilibrium in a simple economy with no exchange. C. was first introduced by Paul Samuelson. D. shows the most worthy outcomes at the edges.
A realtor in the real estate market is an example of
A) an end user in a shared-input market. B) a platform in a shared-input market. C) a platform in a matchmaking market. D) an end user in a matchmaking market.