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Extensive decreases in the prices of electronic equipment resulted in large numbers of bankruptcies in which industry?

1) Computer industry
2) Automobile industry
3) Pharmaceutical industry
4) Agriculture industry

1 Answer

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Final answer:

The extensive decreases in electronic equipment prices resulted in bankruptcies in the Motor industry due to decreased demand for gas-guzzling vehicles.

Step-by-step explanation:

The extensive decreases in the prices of electronic equipment resulted in large numbers of bankruptcies in the Motor industry. The economic downturn and the shift in consumer preferences towards more fuel-efficient vehicles led to a decrease in demand for large gas-guzzling vehicles, which were once the bread-and-butter product of U.S. automakers. The U.S. auto industry was severely affected, resulting in bankruptcies and the need for government bailouts to prevent mass job loss.

User Henning Dodenhof
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