Author Question: Firms that produce 80 percent of all computer chips have shut down their facilities for maintenance. ... (Read 92 times)

torybrooks · **on:** Jun 29, 2018

Firms that produce 80 percent of all computer chips have shut down their facilities for maintenance. 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

For every choice a person makes it can be assumed that

A) the chooser has full knowledge of the situation.
B) some opportunity cost was involved.
C) there is a fifty-fifty chance the choice was the wrong one.
D) a good is involved and satisfaction is gained.