The table given below reports the quantity demanded of a good by individuals 1, 2, and 3 at different prices.Table 3.1

-Other things remaining unchanged, which of the following is most likely to cause an increase in the demand for personal computers?
A)A reduction in the price of personal computers
B)An increase in the supply of personal computers
C)An increase in the cost of computer printing ink
D)An increase in the number of computer manufacturers
E)A requirement by universities that all students buy personal computers

Question

The table given below reports the quantity demanded of a good by individuals 1, 2, and 3 at different prices.Table 3.1
 
-Other things remaining unchanged, which of the following is most likely to cause an increase in the demand for personal computers?
A)A reduction in the price of personal computers 
B)An increase in the supply of personal computers 
C)An increase in the cost of computer printing ink 
D)An increase in the number of computer manufacturers 
E)A requirement by universities that all students buy personal computers

Quizplus · Accepted Answer

Requiring university students to buy personal computers would increase the number of people who want to buy personal computers, which would shift the demand curve to the right, leading to an increase in the demand for personal computers. A reduction in the price of personal computers or an increase in the number of computer manufacturers would decrease the price and stimulate the supply of personal computers, leading to a movement along the demand curve, but not necessarily an increase in demand. An increase in the cost of computer printing ink would likely decrease the demand for personal computers, as it would make using them more expensive.

The Table Given Below Reports the Quantity Demanded of a Good