Since 1990,per-capita income in China has risen.In addition,computer manufacturers have overcome the enormous 13,000 character barrier to creating a workable keyboard through voice and handwriting.The most likely effect on the market for PCs in China was that initially price _______ while quantity sold _________.
A) fell,then rose;fell,then rose
B) fell,then rose;rose continuously
C) rose,then fell;fell,then rose
D) rose,then fell;rose continuously
E) rose,then fell;fell continuously

Question

Quizplus · Accepted Answer

Initially, the price of PCs likely rose due to increased demand from higher per-capita income and improved usability. Over time, as supply increased to meet demand, prices would fall. The quantity sold would rise continuously due to the growing market and improved accessibility.

Since 1990,per-Capita Income in China Has Risen