Suppose there is an increase in the both the supply and demand for personal computers Further, suppose the supply of personal computer increase more than demand for personal computers In the market for personal computers i the market for personal computers, we would expect ?

A. The change in the equilibrium quantity to be ambiguous and the equilibrium price to fall.
B. The equilibrium quantity to rise and the equilibrium price to rise
C. The equilibrium quantity to rise and the change in the equilibrium price to be ambiguous
D. The equilibrium quantity to rise and the equilibrium price to fall

Suppose a frost destroys much of the Florida orange crop. At the same time, suppose consumer tastes shift toward orange juice, What would we expect to happen to the equilibrium price and quantity in the market for orange juice ?

A. price will decrease, quantity is ambiguous
B. the impact on both price and quantity is ambiguous.
C. price will increase, quantity will increase
D. price will increase, quantity will decrease

Suppose both buyers and sellers of wheat expect the price of wheat to rise in the near future. What would we expect to happen to the equilibrium price and quantity in the market for wheat today ?

A. The impact on both price and quantity is ambiguous
B. Price will decrease, quantity is ambiguous.
C. Price will increase, quantity will decrease
D. Price will increase, quantity is ambiguous.

If demand increase in a market this will usually lead to ?

A. A higher equilibrium price and output
B. A lower equilibrium price and higher output
C. A lower equilibrium price and output
D. A higher equilibrium price and lower output

The law of demand states that an increases in the price of a good ?

A. None of these answers
B. Decreases the quantity supplied of that good
C. Decreases the quantity demanded for that good
D. Increases the quantity supplied of that good

If an increase in consumer incomes leads to a decrease in the demand for camping equipment, then camping equipment is ?

A. A normal good
B. None of these answers
C. An inferior good
D. A substitute good

Which of the following shifts the demand for watches to the right ?

A. An increase in the price of watches
B. None of these answers
C. A decrease in the price of watch batteries if watch batteries and watches are complements
D. A decrease in consumer incomes if watches are a normal good

If the price of a good is above the equilibrium price ?

A. there is a surplus and the price will rise
B. there is a shortage and the price will fall
C. there is a shortage and the price will rise
D. the quantity demanded is equal to the quantity supplied and the price remains unchanged

One of the most promising developments in multivariable segmentation is called ____ where a host of demographic and socioeconomic factors are used ?

A. Terragraphic segmentation
B. Fermagraphic segmentation
C. Geothermy segmentation
D. Geodemographic segmentation

The study of human population in terms of size, density, location age gender, race occupation and other statistics is called ?

A. Geothermy
B. Demography
C. Ethnography
D. Hemos-popography