If a Technological Advance Takes Place in the Computer Industry

question 477

Multiple Choice

If a technological advance takes place in the computer industry, then the equilibrium price of a computer will ________ and the equilibrium quantity will ________.

• A) fall; increase
• B) fall; decrease
• C) rise; increase
• D) rise; decrease

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Definitions:

Density

A physical property of matter defined as the mass per unit volume.

Mass

A measure of the amount of matter contained in an object, commonly measured in kilograms or grams.

Liquid Sample

A portion of matter in the liquid state used for analysis or testing.

Mass

An assessment of the quantity of substance contained within an object, usually expressed in kilograms or grams.