question archive For many years, the price of personal computers has fallen and the quantity sold has risen
For many years, the price of personal computers has fallen and the quantity sold has risen
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For many years, the price of personal computers has fallen and the quantity sold has risen. This can best be attributed to:
a) Improved technology which has caused supply to shift rightward,
b) Improved technology which has caused supply to shift leftward,
c) Greater popularity which has caused demand to shift rightward,
d) An increase in the number of computer users, which has caused demand to shift leftward.
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Option a) Improved technology which has caused supply to shift rightward is correct.
This option is correct because when the technology of personal computers increases, more number of personal computers will be supplied. Increase in the supply of personal computers will lead to fall in the price level and increase the level of output sold.
