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:

Product Layout

An arrangement of machinery, equipment, and staff within a production facility where the workstations and equipment are ordered by the sequence of operations.

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Fundamental categories or classifications within a broader system or concept.

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Specific places or positions where businesses or activities are situated or conducted.

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