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Economics Mcqs
Q
Suppose there is an increase in the both the supply and demand for personal computers Further, suppose the supply of personal computer increase more than demand for personal computers In the market for personal computers i the market for personal computers, we would expect ?
AA. The change in the equilibrium quantity to be ambiguous and the equilibrium price to fall.
BB. The equilibrium quantity to rise and the equilibrium price to rise
CC. The equilibrium quantity to rise and the change in the equilibrium price to be ambiguous
DD. The equilibrium quantity to rise and the equilibrium price to fall
Correct Answer:
D. D. The equilibrium quantity to rise and the equilibrium price to fall