Between 2000 and 2015, 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

When supply increases more than demand, prices typically fall, and the quantity sold increases due to the lower prices making the product more accessible to consumers.

Between 2000 and 2015, Advances in PC Production Technology Increased