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An increase in the demand for computer other thing remain same will 1) increase the number of computer bought 2) decrease the price but increase the number of computer bought 3) increase in the price of computer 4) increase the price and number of computer bought?
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An increase in the demand for computer other thing remain same will 1)...
Effect of Increase in Demand for Computers
There are several possible outcomes of an increase in demand for computers. The specific outcome will depend on various factors such as the current supply, pricing, availability of substitutes, and consumer preferences. However, the following are some of the likely effects:
In conclusion, an increase in demand for computers can have different effects depending on various factors. It may lead to an increase in the number of computers bought, a decrease in price but an increase in quantity bought, an increase in the price of computers, or an increase in both the price and quantity bought. The specific outcome will depend on the elasticity of demand and supply, availability of substitutes, and other market conditions.
There are several possible outcomes of an increase in demand for computers. The specific outcome will depend on various factors such as the current supply, pricing, availability of substitutes, and consumer preferences. However, the following are some of the likely effects:
- Increased Number of Computers Bought: One of the most obvious effects of an increase in demand for computers is that more people will buy computers. This is because the demand curve for computers will shift to the right, indicating that at any given price, consumers are willing to buy more computers. As a result, suppliers will respond by increasing the quantity of computers they produce and offer for sale.
- Decrease in Price but Increase in Quantity Bought: Depending on the elasticity of demand and supply, an increase in demand for computers may lead to a decrease in price. This is because suppliers may want to attract more customers by offering lower prices. However, if the supply is not able to keep up with the demand, the price may not decrease, but instead, suppliers may increase the quantity of computers sold at the same price.
- Increase in Price of Computers: In some cases, an increase in demand for computers may lead to an increase in the price of computers. This is because suppliers may take advantage of the high demand and charge higher prices to maximize their profits. This may happen if the supply is limited, and suppliers cannot increase the quantity of computers sold.
- Increase in Price and Quantity Bought: It is also possible that an increase in demand for computers may lead to both an increase in price and an increase in the quantity of computers sold. This may happen if the supply is limited, and suppliers can only increase the quantity of computers sold by raising the price. However, this outcome is less likely if there are many substitutes for computers or if the demand is not very elastic.
In conclusion, an increase in demand for computers can have different effects depending on various factors. It may lead to an increase in the number of computers bought, a decrease in price but an increase in quantity bought, an increase in the price of computers, or an increase in both the price and quantity bought. The specific outcome will depend on the elasticity of demand and supply, availability of substitutes, and other market conditions.
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An increase in the demand for computer other thing remain same will 1)...
Increase the price and number of computer bought
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An increase in the demand for computer other thing remain same will 1) increase the number of computer bought 2) decrease the price but increase the number of computer bought 3) increase in the price of computer 4) increase the price and number of computer bought?
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An increase in the demand for computer other thing remain same will 1) increase the number of computer bought 2) decrease the price but increase the number of computer bought 3) increase in the price of computer 4) increase the price and number of computer bought? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about An increase in the demand for computer other thing remain same will 1) increase the number of computer bought 2) decrease the price but increase the number of computer bought 3) increase in the price of computer 4) increase the price and number of computer bought? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for An increase in the demand for computer other thing remain same will 1) increase the number of computer bought 2) decrease the price but increase the number of computer bought 3) increase in the price of computer 4) increase the price and number of computer bought?.
An increase in the demand for computer other thing remain same will 1) increase the number of computer bought 2) decrease the price but increase the number of computer bought 3) increase in the price of computer 4) increase the price and number of computer bought? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about An increase in the demand for computer other thing remain same will 1) increase the number of computer bought 2) decrease the price but increase the number of computer bought 3) increase in the price of computer 4) increase the price and number of computer bought? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for An increase in the demand for computer other thing remain same will 1) increase the number of computer bought 2) decrease the price but increase the number of computer bought 3) increase in the price of computer 4) increase the price and number of computer bought?.
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