Suppose all of the major computer manufacturers announced that beginning next month there would be major price reductions on their computers. This would cause the current demand for computers to
a. increase.
b. decrease.
c. remain unchanged.
d. increase if the demand for computers was relatively inelastic, but decrease if the demand for computers was relatively elastic.
B
Economics
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Comparing the cases of Brazil and Kerala, how would you characterize their different approaches to achieving economic development?
What will be an ideal response?
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In a pure market economy,
A. there is no role for government. B. government intervention might be needed. C. large markets where people meet to buy and sell are required. D. all of these answer options are correct.
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