Over the past 10 years, laptop computer prices have decreased while their quantity has increased. This indicates that
A) demand has increased more than supply.
B) supply has increased more than demand.
C) demand and supply have increased proportionately.
D) increased demand has created a market incentive to reduce the price.
Correct Answer:
Verified
Q239: Markets bring buyers and sellers together to
Q240: When demand increases, the demand curve
A) shifts
Q241: If the number of tomato growers in
Q242: Which event would shift the supply curve
Q243: The supply curve is a graph of
Q245: Demand refers to
A) consumers wanting a product
Q246: Market forces are in balance (equilibrium) when
Q247: (Figure: Supply and Demand for Shoes) If
Q248: Sales of luxury consumer products for cats
Q249: (Figure: Interpreting Market Equilibrium) The equilibrium price
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