If a Technological Improvement Took Place in the Computer Industry

question 35

Multiple Choice

If a technological improvement took place in the computer industry, we would expect to see the equilibrium price of computers to

• A)increase and the quantity of computers sold to decrease.
• B)decrease and the quantity of computers sold to increase.
• C)decrease and the quantity of computers sold to decrease.
• D)increase and the quantity of computers sold to increase.
• E)increase and the quantity of computers sold to stay the same.

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