Answered: A shift in supply

Business

Economics

A shift in supply

Microeconomics: Principles & Policy

14th Edition

ISBN:9781337794992

Author:William J. Baumol, Alan S. Blinder, John L. Solow

Publisher:William J. Baumol, Alan S. Blinder, John L. Solow

Chapter4: Supply And Demand: An Initial Look

Section: Chapter Questions

Problem 1DQ

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Question

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

		A fall in quantity supplied
		A fall in quantity demanded
		A shift in supply
		A shift in demand

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