After a New Technology Is Introduced,the Price Typically Falls

question 105

Multiple Choice

After a new technology is introduced,the price typically falls.What is a possible explanation for this?

• A) More people purchase the product and more firms produce the product.
• B) Fewer people purchase the product and fewer firms produce the product.
• C) More firms produce the product.
• D) More people purchase the product.
• E) Fewer people purchase the product.

Examine the influences of social identities and social inequalities on prejudice.

Recognize the prevalence and implications of gender and sexual orientation prejudices.

Understand the consequences of societal biases on minority and marginalized groups.

Understand the impact of technological innovations and internet access on American society and the global economy.

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Definitions:

Hypothetical Proposition

A hypothetical proposition is a conditional statement proposing a possible scenario and its outcome, often structured in an if-then format.

Antecedent

The first part of a conditional statement, the "if" portion, which if true leads to the consequence.

Disjunctive Premise

A premise in a logical argument that presents two or more alternatives, but only one needs to be true to support the conclusion.

Conclusion

The end or finish of an argument or process, in logic specifically, it is the statement that logically follows from the premises.