Multiple Choice
Between 2000 and 2015, advances in PC production technology increased the supply of PCs sharply. The demand for PCs also increased, but not nearly as much as the supply did. As a result, the price of a PC ________ and the quantity of PCs sold ________.
A) rose; decreased
B) rose; increased
C) fell; decreased
D) fell; increased
Correct Answer:
Verified
Correct Answer:
Verified
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