When a Good or Service Is Supplied Under Competitive Conditions

Multiple Choice

When a good or service is supplied under competitive conditions, economic analysis indicates that with the passage of time, the quality of the product will

A) tend to improve, but its real price will generally rise.
B) tend to improve, and its real price will generally fall.
C) decline, and its real price will generally rise.
D) decline, and its real price will fall.