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-When the Relative Price of Computers Falls, Consumption Possibilities ________

Question 28

Multiple Choice

  -When the relative price of computers falls, consumption possibilities ________ because ________. A)  will change; consumers respond to lower relative prices by buying larger quantities of the good B)  will not change; changes in technology will always lower computer prices C)  will change; greater quantities of computers will be produced D)  will not change; people don't need to buy multiple computers at one time E)  None of the above answers is correct.
-When the relative price of computers falls, consumption possibilities ________ because ________.


A) will change; consumers respond to lower relative prices by buying larger quantities of the good
B) will not change; changes in technology will always lower computer prices
C) will change; greater quantities of computers will be produced
D) will not change; people don't need to buy multiple computers at one time
E) None of the above answers is correct.

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