When personal computers were first produced,the price was very high.As time passed,the price of personal computers fell because
A) the demand for personal computers decreased.
B) the initial price was too high and nobody bought personal computers.
C) there were technological advances in the production of personal computers.
D) people's incomes increased and personal computers are an inferior good.
E) None of the above answers is correct.

Question

Quizplus · Accepted Answer

Technological advances in the production of personal computers allowed for more efficient and cost-effective manufacturing processes, leading to a decrease in the price of personal computers over time.

When Personal Computers Were First Produced,the Price Was Very High