If Technological Advances Lower the Cost of Computer Chips, in the Market

question 359

Multiple Choice

If technological advances lower the cost of computer chips, in the market for computers the equilibrium price will ________ and the equilibrium quantity will ________.

• A) fall; increase
• B) fall; decrease
• C) rise; increase
• D) rise; decrease

---

Definitions:

Win-At-All-Costs Attitude

A win-at-all-costs attitude describes a mindset focused on achieving success or victory irrespective of the ethical or moral implications involved in the process.

Cultural Variations

Differences in behaviors, beliefs, values, and practices observed among various societies and cultural groups.

Physical Stimulation

Activities or actions that invoke a sensory or physical response, often used in developmental and therapeutic contexts.

Upright

Refers to a position or posture where an individual or object is vertical and straight, typically in contrast to being horizontal or lying down.