One of the Implications of Price Elasticity of Technology Products

question 45

Multiple Choice

One of the implications of price elasticity of technology products is that:

• A) the cost of a semiconductor chip fabrication plant doubles every four years.
• B) the magnetic disk areal storage density doubles annually.
• C) customers buy more products as they become cheaper.
• D) the value of chips in semiconductor-based devices appreciates every six months.
• E) firms stock up on tech products and sell them once their prices increase.

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Definitions:

Unsaturated Zone

The layer of ground above the water table where pores are not fully saturated with water.

Water Table

The level below which the ground is completely saturated with water, marking the boundary between the unsaturated zone and the saturated zone.

Permeability

is a measure of how easily fluids can pass through a porous material or rock.

Fractured Granite

Rock that has been broken or cracked, particularly granite, making it more permeable or weak.