Multiple Choice
After a new technology is introduced,the price typically falls.What is a possible explanation for this?
A) More people purchase the product and more firms produce the product.
B) Fewer people purchase the product and fewer firms produce the product.
C) More firms produce the product.
D) More people purchase the product.
E) Fewer people purchase the product.
Correct Answer:
Verified
Correct Answer:
Verified
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