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- Subject
- Marketeconomics-mcqs › market
- Published
- 31 May 2019
- Last updated
- 28 May 2026
If both the supply and demand for personal computers increase simultaneously, what is the expected outcome in the personal computer market?
Multiple choice question for Market. Select an option, then review the explanation below.
Explanation
When both supply and demand rise, the quantity exchanged in the market will definitely go up. However, since supply tends to lower prices and demand tends to raise them, the net effect on the equilibrium price is unclear without additional information.
More Market MCQs
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- 1.Broadcasting firms use satellite TV subscriptions and signal detection tools primarily to combat which issue?
- 2.Which of the following is a classic example of a public good?
- 3.Which of the following factors can lead to market failure?
- 4.When a neighbor burns yard debris and smoke enters your home, what type of externality does this represent?
- 5.Why is a competitive equilibrium considered Pareto efficient?