Between 2000 and 2008, advances in PC production technology increased the supply of PCs sharply. The demand for PCs also increased, but not nearly as much as the supply did. As a result, the market price of a PC and the quantity of PCs sold .

Question

Quizplus · Accepted Answer

When supply increases significantly more than demand, the price typically falls due to excess supply, while the quantity sold increases as more units are available at a lower price.

Between 2000 and 2008, Advances in PC Production Technology Increased