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 ?

A. the equilibrium quantity to rise and the equilibrium price to rise

B. the equilibrium quantity to rise and the equilibrium price to fall

C. the equilibrium quantity to rise and the equilibrium price to remain constant

D. the equilibrium quantity to rise and the change in the equilibrium price to be ambiguous

E. the change in the equilibrium quantity to be ambiguous and the equilibrium price to fall.

Be the first to comment if anything wrong with this mcq
Your comment successfully submitted!
It will automatically posted after review and approval by our staff member.