Multiple Choice
Which of the following best explains the fact that computers are cheaper now than 10 years ago?
A) the price of computers has risen
B) laptops have become commonplace
C) The technology used in the production of computers has improved during this period.
D) Resources used in the production of computers have become more scarce during this period.
E) The demand for computers has increased substantially during this period.
Correct Answer:

Verified
Correct Answer:
Verified
Q72: For complementary goods, an increase in the
Q73: A decrease in supply means that<br>A) demand
Q74: The long run refers to the time
Q75: A decrease in demand, accompanied by a
Q76: Tasha is undecided about whether to sell
Q78: Substitute goods are goods that are<br>A) jointly
Q79: If the price of pizzas falls, the
Q80: If a shortage of a good exists
Q81: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB10702/.jpg" alt=" -In Exhibit C-10,
Q82: When the market generates an equilibrium price,