Between 2000 and 2015, the Price of a PC Fell

question 436

Multiple Choice

Between 2000 and 2015, the price of a PC fell and the quantity of PCs sold increased. Which of the explanations below is consistent with these facts?

• A) The demand for PCs increased by more then the supply of PCs increased.
• B) The supply of PCs increased by more than the demand for PCs increased.
• C) The demand for PCs decreased by more than the supply of PCs increased.
• D) Both the supply of PCs and the demand for PCs decreased.

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Definitions:

Facial Expressions

Visible expressions on a person’s face that convey emotional states, intentions, or reactions.

Inner Emotions

Deep-seated feelings that might not be immediately visible or expressed to others.

Primacy Effect

The tendency to remember information that is encountered first more easily than information that is encountered later.

Psychologists

Professionals who study mental processes and human behavior by observing, interpreting, and recording how people relate to one another and to their environments.