Which Statement About the Computer Chip Market Is TRUE

Multiple Choice

Which statement about the computer chip market is TRUE?

A) An increase in productivity shifted the supply curve to the left, driving up the price.
B) Computer chip demand is estimated to be unit elastic, which explains why the market has not expanded as production technology has improved.
C) Productivity increases in computer chips caused revenues to increase over time because the demand for computer chips is elastic.
D) There are limited uses for computer chips so demand is inelastic.