【单选题】In 1975 a pocket calculator cost more than $50; in 1990 a calculator of the same quality cost less than $10. Which of the following explanations is most consistent with these facts?
A.
Intense competition in the calculator industry caused the supply curve for calculators to shift to the left, depressing the price.
B.
An increase in the demand for calculators led to the price drop.
C.
An improvement in technology caused the supply of calculators to increase, depressing their price.
D.
As the population grew, fewer expensive calculators were needed, causing prices to fall.
【单选题】The world price of a simple electronic calculator is $5.00. Before Zimbabwe allowed trade in calculators, the price of a calculator there was $7.50. Once Zimbabwe began allowing trade in calculators w...
A.
importing calculators and the price of a calculator in Zimbabwe decreased to $5.00.
B.
importing calculators and the price of a calculator in Zimbabwe remained at $7.50.
C.
exporting calculators and the price of a calculator in Zimbabwe decreased to $5.00.
D.
exporting calculators and the price of a calculator in Zimbabwe remained at $7.50.