Question

If improvements in technology have reduced the cost of producing personal computers, you accurately predict that in the market for personal computers, there will be a(n)___________.

Answer 1

If the cost of producing personal computers reduced while the improvement in the technologies, then there will be:

• The supply of personal computers increased.
• Price of the computers will decrease.
• Increase in the demand of the quantity.

Above are the points which will happen when you predict exactly for the personal computers in the market.