question archive A television station reports that more people are purchasing personal computers

A television station reports that more people are purchasing personal computers

Subject:MarketingPrice:2.88 Bought3

A television station reports that more people are purchasing personal computers. A likely explanation of this event would be a(n):

a. increase in the demand for and the supply of computers

b. decrease in the demand for the supply of computers

c. increase in the supply of computers and a decrease in the demand for computers

d. decrease in the supply of computers and an increase in the demand for computers

pur-new-sol

Purchase A New Answer

Custom new solution created by our subject matter experts

GET A QUOTE

Answer Preview

The correct answer is a. increase in the demand for and the supply of computers.

The increased supply means that prices fall. This, in turn, attracts more customers. At the same time, there is an increase in demand. As this is met with an increased supply, the negative impact of any price rise is reduced.