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Author Question: Which of the following would cause a short-run decrease in the quantity supplied of personal ... (Read 46 times)

frankwu

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  • Posts: 549
on: Jul 1, 2018
Which of the following would cause a short-run decrease in the quantity supplied of personal computers?
 
  A) The price of CPUs decreases.
  B) The price of software decreases.
  C) The number of PC manufacturers decreases.
  D) The cost of manufacturing PCs decreases.

Question 2

If the income elasticity of hamburgers is -0.8 for John, then his share of income spent on hamburgers will ________ when his income increases.
 
  A) increase
  B) decrease
  C) remain the same
  D) Not enough information


jessofishing

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Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

B


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