Suppose That a Technological Advancement Substantially Reduces the Cost of Laser

question 108

Multiple Choice

Suppose that a technological advancement substantially reduces the cost of laser eye surgery. This would cause the equilibrium

• A) price of technology to increase.
• B) quantity of technology to decrease.
• C) quantity of laser eye surgery to increase.
• D) quantity of laser eye surgery to decrease.

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Definitions:

Computer Interviews

Interviews conducted using computer technology, often involving software to facilitate the exchange of questions and answers.

Socially Acceptable Responses

These are responses that are considered appropriate and respectful within the cultural and social norms of a particular community or group.

More Honestly

Calls for a greater degree of truthfulness and sincerity in communication or actions.

Virtual Interviews

Interviews conducted online using video conferencing tools instead of meeting in person.