Business, 16.03.2020 19:26, mcclendoncassandra

"The price of compact fluorescent light bulbs fell because of improvements in production technology. As a result, the demand for incandescent light bulbs decreased. This caused the price of incandescent light bulbs to fall; as the price of incandescent light bulbs fell the demand for incandescent light bulbs decreased even further." Evaluate this statement.

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"The price of compact fluorescent light bulbs fell because of improvements in production technology....