A Technological Advance in the Production of Computers Will Have

question 36

Multiple Choice

A technological advance in the production of computers will have what effect on the equilibrium price and quantity in the computer market?

• A)Price will increase,quantity will decrease
• B)Price will increase,quantity will increase
• C)Price will decrease,quantity will decrease
• D)Price will decrease,quantity will increase
• E)The new equilibrium price and quantity can not be determined

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Definitions:

Bribing People

The act of giving someone money or other valuables to persuade them to do something, usually something illegal or unethical.

Intrinsic Motivation

Intrinsic motivation refers to performing an activity for its inherent satisfaction or pleasure, rather than for some separable consequence or reward.

Extrinsic Motivation

A form of motivation that comes from external rewards, such as money, fame, grades, and praise.

Grade-Point Average

A numerical representation of a student's academic achievement, calculated as an average of the grades obtained in their courses.