Exhibit 4-16 -If the Price of the Computers Described in Exhibit 4-16

question 11

Multiple Choice

Exhibit 4-16

-If the price of the computers described in Exhibit 4-16 is $900,then there is:

• A) A shortage of 40 computers
• B) A shortage of 80 computers
• C) A surplus of 80 computers
• D) A surplus of 120 computers
• E) A surplus of 40 computers

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Definitions:

Videocassette Recorders (VCRs)

An electronic device that was used to play and record videos on cassette tapes, playing a significant role in home entertainment before being surpassed by digital technology.

Technological Innovations

New inventions and improvements in existing technologies or processes that significantly change how a product or service is produced or delivered.

Economic Shifts

Changes in the structure or performance of an economy, often influenced by policy, market trends, or external events.

Social Class

A division of a society based on social and economic status, influencing one's opportunities, lifestyle, and attitudes.