The above figure shows four different markets with changes in either the supply curve or the demand curve. Which graph best illustrates the market for typewriters after technological advances in computerized word-processing software occur?
A) Graph A
B) Graph B
C) Graph C
D) Graph D
D
You might also like to view...
In which of the following countries would an increase in per capita income likely result in the most improvement to health status of the population? (2006 per capita incomes in PPP dollars shown in parentheses.)
a. Mexico ($13,383) b. New Zealand ($26,068) c. Germany ($32,900) d. United Kingdom ($34,084) e. United States ($44,639)
The actions of a miser benefit ____ and the actions of a philanthropist benefit ____
a. a select few; a wide range of individuals b. a wide range of individuals; a select few c. a wide range of individuals; a wide range of individuals d. a select few; a select few
Deflation
a. increases incomes and enhances the ability of debtors to pay off their debts. b. increases incomes and reduces the ability of debtors to pay off their debts. c. decreases incomes and enhances the ability of debtors to pay off their debts. d. decreases incomes and reduces the ability of debtors to pay off their debts.
There must always be a balance of a nation's
A. merchandise exports and gold imports. B. total international payments. C. imports and exports of goods and services. D. merchandise imports and exports.