The Exciting World of GPS Systems

What can we expect if the price of GPS systems decreases?

a. an increase in the supply of GPS systems

b. a smaller quantity of GPS systems supplied

c. a larger quantity of GPS systems supplied

d. a decrease in the demand for GPS systems

Answer: b) smaller quantity of GPS systems supplied

GPS systems have become an essential tool for navigation and tracking in today's world. As technology advances, the prices of GPS systems have been decreasing, making them more accessible to a wider range of consumers. But what happens when the price of GPS systems decreases?

According to the law of supply, when the price of a product decreases, sellers are less willing to provide more of that product. This means that if the price of GPS systems decreases, we can expect a smaller quantity of GPS systems to be supplied to the market.

So, while lower prices may seem like a good thing for consumers, it may actually result in a smaller quantity of GPS systems being available. This is an interesting phenomenon to consider in the world of economics and technology.