If the demand for eBook readers increases and the supply of eBook readers increases, then
A) it is clear that prices will increase, the change in the quantity of eBook readers sold is ambiguous.
B) it is clear that prices will decrease, the change in the quantity of eBook readers sold is ambiguous.
C) it is clear that quantity sold will increase, the change in the price of eBook readers is ambiguous.
D) it is clear that quantity sold will decrease, the change in the price of eBook readers is ambiguous.
C
You might also like to view...
If decision makers adjust fully to demand stimulus policies, persistent expansionary macro-policy will lead to
a. inflation with no lasting reductions in unemployment. b. a permanent reduction in unemployment. c. lower interest rates. d. more rapid economic growth.
Government spending is a leakage out of the circular flow of income and spending.
Answer the following statement true (T) or false (F)