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

question 52

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

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Definitions:

Mood Disorder

A type of psychological disorder characterized by the elevation or lowering of a person's mood, such as depression or bipolar disorder.

Bipolar Disorder

A psychological disorder marked by severe fluctuations in mood, encompassing episodes of intense euphoria (mania or hypomania) and deep sadness (depression).

Fugue

An uncommon mental health condition marked by reversible memory loss concerning one’s personal identity, covering memories, personality traits, and various attributes that define individuality.

Emotional Disturbances

Psychological or behavioral disorders characterized by anxiety, mood swings, depression, or aggression that impair one’s educational performance.