74) Suppose there is an increase in both the supply and demand for personal computers. In the market for personal computers, we would expect
Answer is:
the equilibrium quantity to rise and the change in the equilibrium price to be ambiguous
Related Micro Economics MCQ (GK Set-1) with Answers
Answer is:
the equilibrium quantity to rise and the equilibrium price to fall
Answer is:
The equilibrium price and quantity of salad dressing will fall.
Answer is:
Price will increase; quantity is ambiguous.
Answer is: