Which of the following is most likely to have the effect of moving price points downward for a product category?
A) Inflation
B) Monopoly conditions
C) Shortages
D) Lack of new products
E) Advancing technology

Question

Quizplus · Accepted Answer

Advancing technology often leads to increased efficiency in production and lower costs, which in turn can result in lower prices for consumers.

Which of the Following Is Most Likely to Have the Effect