How does an increase in the price of laptop memory chips affect the market of laptops?
a. The demand curve for laptops to shift to the right
b. The demand curve for laptops to shift to the left
c. The supply curve for laptops to shift to the right
d. The supply curve for laptops to shift to the left
d
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The following table shows the demand for notebooks of four consumers
Price ($/unit) Consumer 1 Demand (units) Consumer 2 Demand (units) Consumer 3 Demand (units) Consumer 4 Demand (units) $8 8 6 9 10 $6 16 10 15 18 $4 20 13 21 24 $1 22 17 24 27 Define the term "market demand." If these four consumers constitute the entire market, calculate the market demand for notebooks at $1, $4, $6, and $8.
A real depreciation will tend to cause
A) a reduction in exports. B) an increase in imports. C) a reduction in net exports. D) an increase in demand for domestic goods. E) none of the above