What Is the Impact of a Technological Advance in the Production

question 124

Multiple Choice

What is the impact of a technological advance in the production of smart phones

• A)increase consumer surplus in the market for smart phones but decrease producer surplus in the market for software apps
• B)increase consumer surplus in the market for smart phones and increase producer surplus in the market for software apps
• C)decrease consumer surplus in the market for smart phones but increase producer surplus in the market for software apps
• D)decrease consumer surplus in the market for smart phones and decrease producer surplus in the market for software apps

---

Definitions:

Salty

One of the basic tastes, often associated with the presence of sodium ions.

Receptor Cells

Specialized cells that detect specific types of energy (e.g., light, sound, chemicals) and convert them into neural signals for the brain to process.

Taste Bud

A sensory organ found on the tongue that perceives taste, including sweet, sour, salty, bitter, and umami.

Supertasters

Individuals with a heightened sense of taste, often having a higher density of taste buds on their tongue.