Solved

When the Relative Price of Computers Falls,consumption Possibilities ________ Because

Question 117

Multiple Choice

When the relative price of computers falls,consumption possibilities ________ because ________.


A) will not change; people don't need to buy multiple computers at one time
B) will not change; changes in technology will always lower computer prices
C) will change; consumers respond to lower relative prices by buying larger quantities of the good
D) will change; greater quantities of computers will be produced
E) None of the above answers is correct.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions