The figure given below shows the demand [D and D'] and supply [S and S'] curves of shares of stock.Figure 17.2
![The figure given below shows the demand [D and D'] and supply [S and S'] curves of shares of stock.Figure 17.2 -The Dot-Com bubble in the U.S. occurred due to: A) a rapid fall in the stock prices of manufacturing companies. B) a rise in housing prices relative to the rental cost of housing. C) a dramatic rise in the shares of stock in the South Sea Company. D) an unforeseen rise in the price of tulip bulbs which were the major exports of the U.S at that time. E) the exceptionally high price-to-earnings ratios of high-tech companies in the U.S.](https://d2lvgg3v3hfg70.cloudfront.net/TB1748/11ea8882_6257_abde_8903_c563ff971d3a_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00_TB1748_00.jpg)
-The Dot-Com bubble in the U.S. occurred due to:
A) a rapid fall in the stock prices of manufacturing companies.
B) a rise in housing prices relative to the rental cost of housing.
C) a dramatic rise in the shares of stock in the South Sea Company.
D) an unforeseen rise in the price of tulip bulbs which were the major exports of the U.S at that time.
E) the exceptionally high price-to-earnings ratios of high-tech companies in the U.S.
Correct Answer:
Verified
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