Multiple Choice
A technological advance in the production of computers will have what effect on the equilibrium price and quantity in the computer market?
A) Price will increase,quantity will decrease
B) Price will increase,quantity will increase
C) Price will decrease,quantity will decrease
D) Price will decrease,quantity will increase
E) The new equilibrium price and quantity can not be determined
Correct Answer:
Verified
Correct Answer:
Verified
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