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Author Question: The economy is undergoing a recession that has reduced consumers' incomes. In the computer chip ... (Read 94 times)

Alainaaa8

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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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Answer to Question 1

C

Answer to Question 2

A




Alainaaa8

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review


irishcancer18

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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