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 manufacturers can produce more at a lower cost.

Which of the Following Is a Likely Result of the Dramatic