The computer market in recent years has seen many more computers sell at much lower prices.What shift in demand and supply is most likely to explain this outcome? OPTIONS: (i) a rise in demand. (ii) a fall in demand. (iii) a rise in supply. (iv) a fall in supply.

The computer market in recent years has seen many more computers sell at much lower prices.What shift in demand and supply is most likely to explain this outcome? OPTIONS: (i) a rise in demand. (ii) a fall in demand. (iii) a rise in supply. (iv) a fall in supply.

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter3: Market Demand And Supply

Section: Chapter Questions

Problem 3SQP

See similar textbooks

Related questions

Q: Question 2 options: increase in demand decrease in demand decrease in quantity demanded…

A: In a free market, the equilibrium price and equilibrium quantity is determined by the forces of…

Q: Answer true or false, an increase in supply is represented by a movement up the supply curve.

A: Supply is the total value of goods and services which is available for the customers at particular…

Q: Q100 Suppose that supply for some good increases and that simultaneously the demand for the same…

A: Q100 Suppose that supply for some good increases and that simultaneously the demand for the same…

Q: A new technology lowers the cost of producing a movie. Does this event change the quantity of movies…

A: Non-price factors cause a change in supply whereas quantity supplied is affected by changes in…

Q: A given change in demand will yield a larger change in the quantity supplied A. the more elastic is…

A: Answer is given below

Q: A rise in the wages paid to workers in the beef industry will: A. Decrease both the supply and…

A: In the free market, equilibrium price and quantity is determined by the forces of demand and supply.…

Q: Not yet answered Question 1 Marked out of 20.00 1. Think of a relevant example in your own life of…

A: Buyers will tend to bid up the price if they want to buy more of a product than is currently…

Q: what sort of shift in supply or demand would result in a market equilibrium with higher prices but…

A: The equilibrium price is known as the prevailing market price. The equilibrium price is the price at…

Q: Which one of the following statements is correct? A. “Demand” and “claim” have the same meaning. B.…

A: Demand demonstrates a person wants to have something and has the ability to pay at current market…

Q: TRUE OR FALSE 5. AN INCREASE IN THE LEVEL OF AVAILABLE TECHNOLOGY CAUSES A PRODUCTS SUPPLY TO…

A: According to the law of demand, there is a negative relationship between the price and quantity…

Q: The demand for diamond by richer class will go up even if there is an increase in the price of…

A: Diamond is a gemstone that is generally used in making jewellery. The demand for a diamond is high…

Q: Suppose that an increase in the supply of a good causes expectations of future price decreases to…

A: Change in demand refers to a shift in the demand curve due to a variety of changes in non-price…

Q: Last week, the Shrinkets Shop sold 1,000 shrinkets at a price of P3 each. This week the shop finds…

A: Demand is the consumer’s want to buy goods or services according to their willingness to pay. Supply…

Q: It is expected that the price of a bushel of wheat will increase in one month. This belief will…

A: Demand: - Demand is the relationship between the quantity demanded and the price of a good. There is…

Q: Demand Question- Changes in consumer behavior outside of Price (TIMER/ non price determinates)…

A: Price has a negative relationship with quantity demanded as per the law of demand.

Q: Milk becomes less popular and poor weather decreases the quantity of milk produced. If the change…

Q: hich of the following would likely result in a decrease in the demand for beef? * نقطتان (2)…

A: Market demand for a commodity can change as a result of a change in consumers income, their tastes…

Q: If a new type of fertilizer is invented that makes coconut trees twice as productive, the _____A___…

A: The demand shows the inverse relation between the price and quantity demanded (law of demand). This…

Q: demand increases, at the new equilibrium: a) the price of the good decreases and the amount…

Q: The pandemic caused the supply of automobiles to decrease, which increased automobile pric-es. The…

Q: The government in your country is considering three programs that affect the market for cigarettes.…

A: A price support program is a combination of a price floor and a government intervention. A price…

Q: companies reveals that streaming video subscriptions and average stream video subscription prices…

Q: Determinants of supply What causes the supply curve to shift left or right? This could include,…

A: Determinants of supply refer to those factors that are responsible for the change in supply curves…

Q: Other things held constant, the lower the price of a good Multiple Choice the higher the supply.…

A: If other things held constant, the lower the price of a good will subsequently result out in…

Q: supply decreases, at the new equilibrium: a) consumers will purchase less at a lower price. b)…

A: According to economics, equilibrium is a case in which economic forces such as supply and demand are…

Q: TRUE or FALSE. If the statement is correct, write TRUE on your answer sheet. If the statement is…

A: In a market, additional information about a specfiic good will influence the demand and supply…

Q: Autoworkers negotiate a wage increase. How does this change affect the supply curve of cars? Group…

A: The demand curve shows the association between the amounts of commodity demanded by the consumer at…

Q: Which of the following statements would you expect to be true about pizzas and food? Food has a…

A: Price elasticity of demand measures the proportion of change in quantity demand due to price change.…

Q: Which of the following would you expect to displace the demand for beef? Response option group (a)…

A: Demand: - Demand is the relationship between the quantity demanded and the price of a good. There is…

Q: In the market for euros, a Multiple Choice cause no change in equilibrium price. increase…

A: Exchnage rate is the rate at which the nations currency are exchanged . And it is determined by the…

Q: Suppose the equilibrium price of good X is $10 and the equilibrium quantity is 60 units. If the…

A: Price=$10 Quantity=60 units; Price=$4

Q: Consider the market for gasoline. You expect prices of gasoline to decrease next month. What happens…

A: Demand: - Demand is the relationship between the quantity demanded and the price of a good. There is…

Q: A demand schedule shows.... the “market potential” for a product. how much consumers are willing and…

A: "Wish" demonstrates that a person thinks of something and wants to have it. When the wish and desire…

Q: If the price of beef rises significantly, what will happen in the market for fast-food hamburgers…

A: Beef is one the important input that is used for producing fast-food hamburgers; therefore, as the…

Q: Hi! I'm fairly confident that the answer here is none of these, but I want to be as thorough as…

A: The demand curve is the curve that would describe the relation between the price of a commodity and…

Q: Problem 2: At the start of the COVID-19 pandemic, it was difficult to find supplies of standard…

A: Note: In the BNED Guidance, only the first question can be answered at a time. Resend the question…

Q: Consider the market for cars. Car producers expect the price of cars to increase next month. What…

A: Any change in the price of a good or service will always lead to the change in the quantity supplied…

Q: What is wrong with the statement: Demand refers to the willingness of buyers to purchase different…

A: Demand in economics refers to the willingness and ability of a buyer to purchase different…

Q: When an economist states the supply of a product has decreased, he or she has concluded that a) A…

A: In an economy, a producer is one who has the responsibility to maintain the availability of output…

Q: Price of tin and silicone decrease affecting the market for iPhones A)Decrease in supply…

A: The market is a mechanism that would result in the interaction of the demand and supply forces. The…

Q: An expensive electronics store decides to raise the prices on all of its laptop computers. According…

A: In economics, demand is defined as the quantity of the goods which the consumers are able and…

Q: TRUE or FALSE. If the statement is correct, write TRUE on your answer sheet. If the statement is…

A: "Since you have asked a question with multiple sub-parts, we will solve first three sub-parts for…

Q: In the market for Coke, which of the following can bring about an increase in the quantity demanded…

A: For answering the given question, we will first consider each of the options separately.

Q: What is wrong with this statement? Demand refers to the willingness of buyers to purchase different…

A: There is a small correction in the statement.

Question

The computer market in recent years has seen many more computers sell at much lower prices.What shift in demand and supply is most likely to explain this outcome?

OPTIONS:

(i) a rise in demand.

(ii) a fall in demand.

(iii) a rise in supply.

(iv) a fall in supply.

Video Video

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions

Which of the following would not cause market demand for a normal good to decline? a. An increase in the price of a substitute b. An increase in the price of a complement c. A decline in consumer income d. Consumer expectations that the good will go on sale in the near future e. An announcement by the Surgeon General that the product contributes to premature death
TRUE OR FALSE 5. AN INCREASE IN THE LEVEL OF AVAILABLE TECHNOLOGY CAUSES A PRODUCTS SUPPLY TO DECREASE 6.A CHANGE IN THE CONSUMERS INCOME WOULD CAUSE A MOVEMENT IN THE DEMAND CURVE 7. IN REAL LIFE SITUATIONS SHIFTS IN DEMAND CURVE ARE PARALLEL TO EACH OTHER 9. AN ANTICIPATED DECREASES IN THE PRICE OF A GOOD WILL CAUSE SUPPLIERS TO DECREASE CURRENT SUPPLY OF THE GOOD
If a new type of fertilizer is invented that makes coconut trees twice as productive, the _____A___ for coconuts will ____B_____. This will cause the price to ___C____ and quantity to ____D___. Options:A) quantity demanded or quantity supplied or supply or demand B) increase or decrease C) increase or decrease D) increase or decrease
If buyers expect the price of a good will be lower in the future, then? Group of answer choices the current demand for the good decreases the market will act to buy more goods now the current supply of the good increases because fewer people buy it. the current quantity demanded increases there is no impact on the demand for the good
Which of the following would likely cause a decrease in the amount Supplied for a particular good, i.e. a shift in the Supply curve to the Left? Question 10 options: a A decrease in the cost of any factors of production used to produce the good b An increase in Market Size c An expectation of Higher Future Prices d An expectation of Lower Future Prices
When the price falls, what happens to the supply or the quantity supplied? Group of answer choices There is an increase in the supply. There is an increase in the quantity supplied. There is a decrease in the supply. There is no change in the quantity supplied or in the supply. There is a decrease in the quantity supplied.
The latest data from streaming video companies reveals that streaming video subscriptions and average stream video subscription prices have declined. How could this have possibly happened? Group of answer choices There was a decrease in demand and an increase in supply. There was a decrease in demand and no change in supply. There was no change in demand and an increase in supply. There was an increase in demand and no change in supply. There was no change in demand and a decrease in supply.
Refer to Figure 3-2. A change from Point A to Point B represents a(n): Question 2 options: increase in demand decrease in demand decrease in quantity demanded increase in quantity demanded
Assuming Demand is downward sloping and Supply is upward sloping (as we usually do), what happens to equilibrium price (P) and quantity (Q) of a good when Supply decreases? Group of answer choices a. P and Q should not change b. P decreases; Q decreases c. P increases; Q decreases d. P increases; Q increases e. P decreases; Q increases
Consider the market for cars. Car producers expect the price of cars to increase next month. What will happen to the supply curve right now? Group of answer choices A The current supply of cars will decrease (a shift in the entire curve) B The current supply of cars will increase (a shift in the entire curve) C The current quantity supplied for cars will increase (a movement along the curve) without a shift in the curve D The current quantity supplied for cars will decrease (a movement along the curve) without a shift in the curve
If suppliers of tablet computers expect the price of their product to fall in the future, what will they do? Question 17 options: increase supply now and decrease it in the future increase supply in the future, but not now decrease supply now increase supply now
For each of the statements below, select the option that best describes what would happen to the equilibrium price and quantity in the market (noted in italics). Price up, quantity down e. Price down, quantity uncertain Price up, quantity up f. Price up, quantity uncertain Price down, quantity down g. Price uncertain, quantity up Price down, quantity up h. Price uncertain, quantity down ____ 1. Banana consumers experience a decrease in their income (assume bananas are an inferior good). ____ 2. Shoe manufacturers experience an increase in the price of raw materials such as leather and rubber. ____ 3. U.S. consumers of jelly (to make PB&J sandwiches) witness an increase in the price of peanut butter caused by an increase in supply. ____ 4. Consumer enthusiasm for vacations increases air travel at the same time jet fuel costs are…