Over the past few decades, the cost of producing computers has decreased. This has caused computer prices to fall as well. According to the law of demand, what will happen in the market for computers based on this price change?The quantity demanded will increase.Demand will decrease.The quantity demanded will decrease.Demand will increase.

Because of increased competition, the price of cell phones dropped dramatically. According to the law of demand, what will happen to the quantity of cell phones demanded, given this price change?The quantity demanded will increase.The quantity demanded will decrease.The quantity demanded will either rise or fall, depending on other factors.The quantity demanded will be unaffected by this event.

An expensive electronics store sells laptop computers, but the price consumers are willing to pay for laptops has recently declined. Which outcome would be expected based on the law of supply?A.The store will increase the price of laptops.B.The store will increase its variety of laptops.C.The store will decrease its stock of laptops.D.The store will decrease its sales of laptops

The "law of demand" implies thatA.as prices fall, demand increases.B.as prices rise, quantity demanded increases.C.as prices rise, demand increases.D.as prices fall, quantity demanded increases.

The price of hard drives used in the manufacturing of laptop computers has risen. This will lead to ________ laptop computers.A.an increase in the supply ofB.a decrease in the quantity supplied ofC.a decrease in the supply ofD.an increase in the quantity supplied of

A business has seen demand for its newest product fall rapidly. According to the law of demand, what is the most likely explanation for why this happened?A.The business created a shortage of the product.B.The business reduced the supply of the product.C.The business decreased the product's price.D.The business increased the product's price.