Other things remaining unchanged, which of the following is most likely to cause an increase in the demand for personal computers?
a. A reduction in the price of personal computers
b. An increase in the supply of personal computers
c. An increase in the cost of computer printing ink
d. An increase in the number of computer manufacturers
e. A requirement by universities that all students buy personal computers
Question 2
A market economy depends on market mechanisms to:
a. determine the most efficient way of using resources.
b. determine how large the government's budget deficit should be.
c. decide how much government regulation there should be.
d. provide everyone with a minimum level of income.
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