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Mandolina Mandolina
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7 years ago
Suppose that the supply of personal computers increases. Which of the following is consistent with the model of supply and demand?
A) The increased supply will lead to a temporary shortage, which will result in competition between suppliers. This competition will lower the equilibrium price.
B) The increased supply will lead to a temporary surplus, which will result in competition between suppliers. This competition will raise the equilibrium price.
C) The increased supply will lead to a temporary shortage, which will result in competition between consumers. This competition will raise the equilibrium price.
D) The increased supply will lead to a temporary surplus, which will result in competition between suppliers. This competition will lower the equilibrium price.
E) The increased supply will lead to a temporary surplus, which will result in competition between consumers. This competition will lower the equilibrium price.
Textbook 
Introduction to Economic Reasoning

Introduction to Economic Reasoning


Edition: 8th
Author:
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hecosmetichecosmetic
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Mandolina Author
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6 years ago
YOU SAVED MY LIFE AND MY GRADE!

Thank you!
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