Assume the Technology for Producing Personal Computers Improves And,at the Same

question 26

Multiple Choice

Assume the technology for producing personal computers improves and,at the same time,individuals discover new uses for personal computers so that there is greater utilization of personal computers.Which of the following will happen to equilibrium price and equilibrium quantity?

• A)Price will increase; quantity cannot be determined.
• B)Price will decrease; quantity cannot be determined.
• C)Quantity will increase; price cannot be determined.
• D)Quantity will decrease; price cannot be determined.

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Definitions:

Magnetic Survey

A geophysical method for mapping variations in the Earth's magnetic field, often used in mineral exploration.

Gravity Survey

A geophysical method for measuring variations in the Earth's gravitational field, which can indicate differences in the distribution of densities and hence the structure of the subsurface.

Plate Boundaries

The edges where two or more of Earth's tectonic plates meet, often associated with seismic and volcanic activities.

Fault Systems

Networks of fractures in the Earth's crust along which displacement has occurred, important in understanding the movement of Earth's tectonic plates.