Which of the following is a likely result of the dramatic decrease in the price of microprocessor chips to computer manufacturers in the last two decades?
A) An increase in the demand for computers.
B) A decrease in the supply of diskettes.
C) An increase in the supply of computers.
D) An increase in the quantity supplied of computers.

Question

Quizplus · Accepted Answer

A decrease in the price of microprocessor chips reduces production costs for computer manufacturers, leading to an increase in the supply of computers as they can produce more at a lower cost.

Which of the Following Is a Likely Result of the Dramatic