-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 increase.
B) equilibrium quantity of computers will decrease.
C) equilibrium price of a computer will rise.
D) equilibrium price of a computer will fall.
E) equilibrium quantity of computers might increase, decrease, or not change.

Question

-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 increase. 
B) equilibrium quantity of computers will decrease. 
C) equilibrium price of a computer will rise. 
D) equilibrium price of a computer will fall. 
E) equilibrium quantity of computers might increase, decrease, or not change.

Quizplus · Accepted Answer

An increase in the number of buyers shifts the demand curve to the right, and technological advances shift the supply curve to the right. Both shifts lead to an increase in the equilibrium quantity of computers.

-The Graph Illustrates the Market for Computers