When computer manufacturers overcame the enormous 13,000 Chinese character barrier by creating a workable keyboard through voice and handwriting recognition, PCs became more accessible to the Chinese. What was the predicted effect of the events on equilibrium price and quantity of PCs sold in China?
A) The price and quantity fell.
B) The price fell and quantity rose.
C) The price rose and quantity fell.
D) The price and quantity rose.

Question

Quizplus · Accepted Answer

The development of technology that made PCs more accessible to Chinese users likely increased demand, leading to a rise in both equilibrium price and quantity sold.

When Computer Manufacturers Overcame the Enormous 13,000 Chinese Character Barrier