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Author Question: If both the demand for and the supply of computers are increasing, which of the following statements ... (Read 93 times)

kaid0807

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on: Jun 29, 2018
If both the demand for and the supply of computers are increasing, which of the following statements is TRUE?
 
  A) The consumer should buy a computer now since the price will be higher in the future.
  B) The consumer should wait and buy a computer later since the price will be lower in the future.
  C) The price of a computer will be the same in the future as it is now.
  D) It is impossible to know, given only this information, whether the prices of computers will go up or down in the future.

Question 2

Distinguish between macroeconomics and microeconomics.
 
  What will be an ideal response?


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owenfalvey

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

D

Answer to Question 2

Macroeconomics is concerned with the behavior of the economy as a whole, while microeconomics is concerned with the choices of individual decision-makers, such as households and firms. Macroeconomics deals with aggregates, such as the total output of the economy or unemployment, while microeconomics deals with how many hours a person chooses to work or how many people a firm decides to hire.


kaid0807

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Reply #2 on: Jun 29, 2018
Thank you :)


owenfalvey

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Reply #3 on: Jun 29, 2018
Happy to help you


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