Between 2000 and 2010, 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 price of a PC__________ and the quantity of PCs sold__________ .

Question

Quizplus · Accepted Answer

According to the law of supply and demand, when supply increases more than demand, prices fall and quantity increases. Therefore, the price of a PC fell and the quantity of PCs sold increased.

Between 2000 and 2010, Advances in PC Production Technology Increased