More and More Devices Are Being Introduced in the Market

question 83

Multiple Choice

More and more devices are being introduced in the market that perform tasks similar to that of PCs, such as tablets and smartphones.At the same time, the price of computer chips to make high-end PCs continues to fall.What is the effect of the events on equilibrium price and quantity of high-end PCs?

• A)price falls continuously as does quantity sold
• B)price rises then falls while quantity sold falls continuously
• C)price falls continuously while quantity falls initially but then rises, recouping earlier losses
• D)price falls continuously and quantity rises continuously

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Definitions:

Lifecycle

The series of changes in the life of an organism, product, or system from its beginning to its end.

Screening Opportunity

The process of evaluating business opportunities to determine their viability and potential for success.

Action Plan

A detailed outline of the steps, tasks, and resources required to achieve specific goals or objectives.

Overall Schedule

A comprehensive plan that outlines all planned activities and their timelines in a project or operation.