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The market of computers is not in equilibrium, then which of the following statements is definitely true? (a) The price of computer will rise (b) The prices of computer will fall (c) The prices of computers will change, but not enough information is given to determine the direction of the change. (d) None of the above?
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The market of computers is not in equilibrium, then which of the follo...
Explanation:
Market Equilibrium:
In a market equilibrium, the quantity demanded is equal to the quantity supplied at a particular price. This means that there is no shortage or surplus of goods in the market.
Not in Equilibrium:
If the market of computers is not in equilibrium, it implies that the quantity demanded does not equal the quantity supplied at the current price. This could happen due to various factors such as changes in consumer preferences, technology advancements, or external shocks.
Implications:
When the market is not in equilibrium, it is difficult to predict the direction of price changes. If the demand for computers suddenly increases, prices could rise. On the other hand, if there is oversupply in the market, prices could fall.
Conclusion:
Given the lack of information on the specific factors causing the market to be out of equilibrium, it is not possible to definitively say whether the price of computers will rise, fall, or remain unchanged. Therefore, the correct answer is (c) The prices of computers will change, but not enough information is given to determine the direction of the change.
Market Equilibrium:
In a market equilibrium, the quantity demanded is equal to the quantity supplied at a particular price. This means that there is no shortage or surplus of goods in the market.
Not in Equilibrium:
If the market of computers is not in equilibrium, it implies that the quantity demanded does not equal the quantity supplied at the current price. This could happen due to various factors such as changes in consumer preferences, technology advancements, or external shocks.
Implications:
When the market is not in equilibrium, it is difficult to predict the direction of price changes. If the demand for computers suddenly increases, prices could rise. On the other hand, if there is oversupply in the market, prices could fall.
Conclusion:
Given the lack of information on the specific factors causing the market to be out of equilibrium, it is not possible to definitively say whether the price of computers will rise, fall, or remain unchanged. Therefore, the correct answer is (c) The prices of computers will change, but not enough information is given to determine the direction of the change.
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The market of computers is not in equilibrium, then which of the following statements is definitely true? (a) The price of computer will rise (b) The prices of computer will fall (c) The prices of computers will change, but not enough information is given to determine the direction of the change. (d) None of the above?
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The market of computers is not in equilibrium, then which of the following statements is definitely true? (a) The price of computer will rise (b) The prices of computer will fall (c) The prices of computers will change, but not enough information is given to determine the direction of the change. (d) None of the above? 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 The market of computers is not in equilibrium, then which of the following statements is definitely true? (a) The price of computer will rise (b) The prices of computer will fall (c) The prices of computers will change, but not enough information is given to determine the direction of the change. (d) None of the above? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The market of computers is not in equilibrium, then which of the following statements is definitely true? (a) The price of computer will rise (b) The prices of computer will fall (c) The prices of computers will change, but not enough information is given to determine the direction of the change. (d) None of the above?.
The market of computers is not in equilibrium, then which of the following statements is definitely true? (a) The price of computer will rise (b) The prices of computer will fall (c) The prices of computers will change, but not enough information is given to determine the direction of the change. (d) None of the above? 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 The market of computers is not in equilibrium, then which of the following statements is definitely true? (a) The price of computer will rise (b) The prices of computer will fall (c) The prices of computers will change, but not enough information is given to determine the direction of the change. (d) None of the above? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The market of computers is not in equilibrium, then which of the following statements is definitely true? (a) The price of computer will rise (b) The prices of computer will fall (c) The prices of computers will change, but not enough information is given to determine the direction of the change. (d) None of the above?.
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