Multiple Choice
When laptops were first produced, the price was very high. As time passed, the price of personal laptops fell because
A) the initial price was too high and nobody bought laptops.
B) the demand for laptops decreased.
C) there were technological advances in the production of laptops.
D) people's incomes increased and laptops are an inferior good.
E) None of the above answers is correct.
Correct Answer:
Verified
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