The effect of a decrease in the price of personal computers on consumer demand, other things constant, is most likely to be represented by a _____
A) leftward shift of the demand curve for personal computers.
B) upward movement along the demand curve for personal computers.
C) rightward shift of the demand curve for personal computers.
D) downward movement along the demand curve for personal computers.
E) decrease in the slope of the demand curve for personal computers.
Correct Answer:
Verified
Q17: When the price of a good falls,
Q18: The law of demand indicates that _
A)
Q18: The income effect of a decrease in
Q19: The relationship between the price of a
Q20: The _ for a product indicate(s) the
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