75) Suppose there is an increase in both the supply and demand for personal computers. Further, suppose the supply of personal computers increases more than demand for personal computers. In the market for personal computers, we would expect
Answer is:
the equilibrium quantity to rise and the equilibrium price to fall
Related Micro Economics MCQ (GK Set-1) with Answers
Answer is:
The equilibrium price and quantity of salad dressing will fall.
Answer is:
Price will increase; quantity is ambiguous.
Answer is:
There is an increase in the demand for apples and an increase in the quantity supplied of apples along the supply curve
Answer is: