A New Discovery Makes Ink Jet Computer Printers Less Expensive

question 47

Multiple Choice

A new discovery makes ink jet computer printers less expensive to produce. At the same time another type of computer printer, the laser printer, also becomes less expensive. What would you expect to happen to the equilibrium price and quantity of ink jet printers?

• A)Equilibrium price will rise, but the effect on quantity is uncertain.
• B)Equilibrium price will fall, but the effect on quantity is uncertain.
• C)Equilibrium quantity will rise, but the effect on price is uncertain.
• D)The answer cannot be determined from the information given above.

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Definitions:

Different View

An alternative perspective or opinion, often diverging from the common or initial understanding.

Computer Systems

Electronic systems that include hardware and software components designed to perform an array of tasks, ranging from simple calculations to complex operations.

SDLC

A sequence of phases called the Software Development Life Cycle outlines the process of designing, constructing, evaluating, and deploying an information system.

ERP System

Stands for Enterprise Resource Planning System, a type of software that organizations use to manage day-to-day business activities such as accounting, procurement, project management, and supply chain operations.