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In 1985,International Data Corp

Question 161

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In 1985,International Data Corp.(IDC)estimated that 3.7 million desktop computers had been sold at an average price of $1,054.In 2000,the number sold in the United States had risen to 132 million,with the average price decreasing to $700.The change in individuals' tastes and preferences has increased their demand for computers.Explain how the price of computers dropped over the 15-year period from 1985 to 2000.

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