Other things being equal, the effects of an increase in the price of computers would best be represented by which of the following?

Question

Quizplus · Accepted Answer

An increase in the price of computers, with all other factors remaining constant, would lead to a movement up along the demand curve for computers. This is because the demand curve shows the relationship between price and quantity demanded, and an increase in price typically reduces the quantity demanded, represented by a movement along the curve.

Other Things Being Equal, the Effects of an Increase in the Price