The effecet of a decrease in the price of personal computers on consumer demand,

Question

The effecet of a decrease in the price of personal computers on consumer demand, other things constant, is most likely to be represented by a O leftward shift of the demand curve for personal computers. decrease in the slope of the demand curve for personal computers rightward shift of the demand curve for personal computers downward movement along the demand curve for personal computers upward movement along the demand curve for personal computers. 4 pts The impact of a $200 increase in income on the quantity of housing demanded would be called an income effect True False

Explanation / Answer

The effect of a decrease in the price of personal computers on consumer demand, other things constant, is most likely to be represented by a :

Option 4 - downward movement along the demand curve for personal computers (quantity demanded increases, there is no shift of the demand curve)

The second statement is true.

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