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Author Question: The economy is undergoing a recession that has reduced consumers' incomes. In the computer chip ... (Read 92 times)

Alainaaa8

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on: Jun 29, 2018
The economy is undergoing a recession that has reduced consumers' incomes. In the computer chip market, this will lead to
 
  A) an increase in price and a decrease in quantity.
  B) an increase in price and an increase in quantity.
  C) a decrease in price and a decrease in quantity.
  D) a decrease in price and an increase in quantity.

Question 2

The concept of opportunity cost exists because
 
  A) of scarcity.
  B) goods have different prices.
  C) of shortages.
  D) the value of services is hard to determine.


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pallen55

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

A


Alainaaa8

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Reply 2 on: Jun 29, 2018
Gracias!

jojobee318

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Reply 3 on: Yesterday
:D TYSM

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