Since the Demand Curve for Computer Chips Is Elastic, a Decrease

Multiple Choice

Since the demand curve for computer chips is elastic, a decrease in the price of computer chips caused by an increase in productivity will:

A) increase revenue for the computer chip industry and make computers a larger share of the American economy.
B) increase revenue for the computer chip industry and make computers a smaller share of the American economy.
C) decrease revenue for the computer chip industry and make computers a larger share of the American economy.
D) decrease revenue for the computer chip industry and make computers a smaller share of the American economy.