Which of the Following Would Reduce the Supply of Computers

question 100

Multiple Choice

Which of the following would reduce the supply of computers?

• A)​higher wage rates for the workers that assemble the computers
• B)​a technological improvement that lowers the cost of producing the computers
• C)​a reduction in the price of computer chips used to produce the computers
• D)​All of the above would reduce the supply of computers.

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Definitions:

Binding Contract

An agreement between two or more parties that is enforceable by law.

Outdated

Pertains to something that is no longer current, useful, or relevant due to the passage of time or advances in technology or knowledge.

Voidable

A term referring to a contract that may be legally declared invalid or unenforceable by one of the parties.

Duress

A situation where a person performs an act as a result of violence, threat, or other pressure against the person.