In the Case of the Production of Electronic Calculators, Introduced

question 68

Multiple Choice

In the case of the production of electronic calculators, introduced in the United States in the 1960s,

• A)a technological breakthrough reduced the input quantities needed to produce them.
• B)quantity demanded increased significantly as prices fell.
• C)production costs fell with advances in technology.
• D)All of the responses are correct.

---

Definitions:

Confectionary Products

Sweet food items, including chocolates, candies, and gum.

Trek

A long, challenging journey, often on foot, through areas of natural rugged beauty or historical significance.

Specialty Product

A unique or high-value product that buyers are willing to make a special purchase effort to obtain.

BMW Sedan

A four-door luxury car produced by the German automaker BMW.