Suppose there is an increase in the both the supply and demand for personal computers Further, suppose the supply of personal computer increase more than demand for personal computers In the market for personal computers i the market for personal computers, we would expect ?

Related Mcqs:

Which of the following shifts the demand for watches to the right ?

A. an increase in the price of watches B. none of these answers C. a decrease in the price of watch batteries if watch batteries and watches are complements D. a decrease in consumer incomes if watches are a normal good E. a decrease in the wage of workers employed to manufacture watches...

With a positive externality ?

A. There is under-consumption in the free market B. There is over consumption in the free market C. The government may tax to decrease production D. Society could be made off it less was produced...

Moral hazard means that the act of insuring ____ that the desired outcome will occur?

A. reduces the likelihood B. increases the likelihood C. guarantees D. none of the above...

The problem posed by a natural monopoly is that it faces a _____ This means that _______?

A. increasing average cost curve, marginal cost lies above average cost B. increasing average cost curve, marginal cost lies below average cost C. decreasing average cost curve marginal cost lies above average cost D. decreasing average cost curve, marginal cost lies below average cost...

A shift in demand will have more effect on price than quantity if ?

A. The price elasticity of supply is + 3 B. The price elasticity of supply is + 0.2 C. The price elasticity of supply is + 2 D. The price elasticity of supply is infinity...