If a Technological Breakthrough Reduces Input Quantities Needed to Produce

question 237

Multiple Choice

If a technological breakthrough reduces input quantities needed to produce some item,

• A)cost of production will be increased.
• B)the price of the product will rise.
• C)the price of the product will fall.
• D)quantity demanded of the product will fall.

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Definitions:

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The activity or profession of producing advertisements for commercial products or services to stimulate consumer interest.

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Any interference that stems from competing messages, a lack of clarity in the message, or a flaw in the medium; a problem for all communication channels.

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