Multiple Choice
The graph illustrates the market for computers. If the number of buyers of computers increases and technology advances, you predict that the
A) equilibrium quantity of computers will decrease.
B) equilibrium price of a computer will fall.
C) equilibrium quantity of computers will increase.
D) equilibrium quantity of computers might increase, decrease or not change.
E) equilibrium price of a computer will rise.
Correct Answer:
Verified
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