In Which Statement(s) Are "Supply" and "Quantity Supplied" Used Correctly

question 294

Multiple Choice

In which statement(s) are "supply" and "quantity supplied" used correctly? (I) "An increase in the price of computers will increase the quantity supplied of computers."
(II) "A technological advance that lowers the cost of producing computers will increase the supply of computers."

• A) in both statements I and II
• B) in statement I only
• C) in statement II only
• D) in neither statements I nor II

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Definitions:

Puberty

The period in which an individual becomes capable of sexual reproduction, marked by hormonal changes and physical development.

Gonads

The sex glands in animals and humans (ovaries in females and testes in males) that produce sex cells and hormones.

Polygenic

Pertaining to a trait or characteristic that is influenced by several genes rather than a single gene.

Genes

The basic physical and functional units of heredity, made up of DNA, that determine the characteristics and traits of organisms.