In the case of the production of electronic calculators, introduced in the United States in the 1960s,
A)a technological breakthrough reduced the input quantities needed to produce them.
B)quantity demanded increased significantly as prices fell.
C)production costs fell with advances in technology.
D)All of the above are correct.

Question

Quizplus · Accepted Answer

A technological breakthrough allowed the production of electronic calculators with fewer input quantities, resulting in lower production costs. As a result, the prices of electronic calculators fell, leading to an increase in the quantity demanded. Therefore, all of the above options are correct.

In the Case of the Production of Electronic Calculators, Introduced