New Technology Developed in 1999 Resulted in a Reduction in the Cost

Multiple Choice

New technology developed in 1999 resulted in a reduction in the cost of manufacturing flat -screen televisions that used liquid crystal displays (LCD) . How did this change in technology affect the market for flat -screen televisions?

A) The new technology caused an increase in the supply of flat -screen televisions and a decrease in price of flat -screen televisions.
B) The new technology caused an increase in the quantity of flat -screen televisions supplied.
C) The new technology caused an increase in the supply of flat -screen televisions and an increase in price of flat -screen televisions.
D) The new technology caused an increase in the demand for flat -screen televisions.