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.

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Definitions:

Contracts

Legally binding agreements between two or more parties that outline obligations, rights, and terms to which the parties have agreed.

Anchored

Fixed firmly in position; a term often used metaphorically to describe something that is firmly established or secure.

Flexes

The action of bending a limb or joint or the ability to bend a muscle.

Musculoskeletal

Pertaining to the muscular and skeletal systems.