Consider the market of personal computers, which of the following is not a suppl

Question

Consider the market of personal computers, which of the following is not a supply shifter? O Production plant manager s salary OPrice of computer hard drives Popularity of smart phones and laptops. Number of sellers in this market. QUESTION 29 Consider the market of personal computers. Suppose there is an increase in the cost of electricity to both buyers and sellers. What effect could it have? Equilibrium price decreases. Equilibrium quantity increases. Equilibrium remain unchanged. O None of the above.

Explanation / Answer

28. The right answer is option 3.

Explanation: Popularity of smartphones and laptops will shift demand for personal computers. This will not shift the supply of the same.

29. Option 4: None of the above

Explanation: This will reduce the equilibrium quantity as both demand and supply would shift.

Related Questions

Navigate

• Browse (All)
• Browse C
• Subjects

---