Between 2000 and 2010,advances in PC Production Technology Increased the Supply

question 65

Multiple Choice

Between 2000 and 2010,advances in PC production technology increased the supply of PCs sharply.The demand for PCs also increased,but not nearly as much as the supply did.As a result,the price of a PC ________ and the quantity of PCs sold ________.

• A) rose; decreased
• B) rose; increased
• C) fell; decreased
• D) fell; increased

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Definitions:

Statutory Merger

A legal consolidation of two companies into one entity, as approved by local laws and regulations.

Legal Corporation

A legal corporation is an entity that is legally recognized as a separate entity from its owners, providing limited liability protection to its shareholders.

Business Combination

The process of merging two or more companies into one entity, which includes acquisitions and consolidations.

Pooling of Interest Method

An accounting method used in mergers and acquisitions, where the combined assets and liabilities of the merging entities are recorded at their historical costs.