There Is an Increase in Demand for Personal Computers at the Same

question 1

Multiple Choice

There is an increase in demand for personal computers at the same time their input costs fall. We would expect that:

• A)​price will fall, but the effect on quantity sold is uncertain.
• B)​the quantity sold will decline, but the effect on price is uncertain.
• C)​the quantity sold will increase, but the effect on price is uncertain.
• D)​price will rise, but the effect on quantity sold is uncertain.

---

Definitions:

Nocturnal

Active at night and at rest during the day.

Arboreal

Relating to or resembling a tree or life in the trees; often used to describe animals that live in trees.

Diurnal

Active during the day and at rest at night.

Hominoids

A term referring to the group of primates that includes all the great apes and humans.