Exhibit 4-5 Supply and demand curves for computers Which of the following changes could cause the computer market to change as shown in Exhibit 4-5?

Question

Exhibit 4-5  Supply and demand curves for computers  Which of the following changes could cause the computer market to change as shown in Exhibit 4-5?

Quizplus · Accepted Answer

Lower costs for computer chips and motherboards would lead to a decrease in the price of computers, causing an increase in demand (shift to the right) as more consumers would be willing and able to purchase computers at the lower price. This would result in a new equilibrium point determined by the intersection of the new demand curve and the existing supply curve. The change is illustrated in Exhibit 4-5 as a shift of the demand curve to the right. None of the other choices would cause such a change in the market for computers.

Exhibit 4-5 Supply and Demand Curves for Computers Which of the Following