20. Describe why the following statement is false: "The cost of producing compact uorescent light (CFL) bulbs fell because of technological improvements in the production process. As a result, the supply of CFL bulbs increased. This caused the price of CFL bulbs to fall; as the price of CFL bulbs fell the demand for CFL bulbs increased." a] The statement is false because CFL bulb producers would not reduce their prices as a result of improvements in technology; doing so would reduce their prots. b] The statement is false. A decrease in the price of CFL bulbs would increase the demand for CFL bulbs, but a decrease in the cost of CFL bulbs would not cause the supply for CFL bulbs to increase. c] The statement is false because the demand for CFL bulbs would increase as the price of CFL bulbs fell. d] The statement is false. A decrease in the cost of producing CFL bulbs would cause an increase in supply, but demand would not increase in response to the increase in supply