One of the Implications of Price Elasticity of Technology Products

Multiple Choice

One of the implications of price elasticity of technology products is that:

A) the cost of a semiconductor chip fabrication plant doubles every four years.
B) the magnetic disk areal storage density doubles annually.
C) customers not only buy more products as they become cheaper, but whole new markets employing new technology open up.
D) the value of chips in semiconductor-based devices appreciates every six months.
E) firms stock up on tech products and sell them once their prices increase.