This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If both the demand for and the supply of computers are increasing, which of the following statements ... (Read 107 times)

kaid0807

  • Hero Member
  • *****
  • Posts: 515
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?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

owenfalvey

  • Sr. Member
  • ****
  • Posts: 337
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

  • Hero Member
  • *****
  • Posts: 515
Reply #2 on: Jun 29, 2018
Thank you :)


owenfalvey

  • Sr. Member
  • ****
  • Posts: 337
Reply #3 on: Jun 29, 2018
Happy to help you


« previous next »
 

Did you know?

No drugs are available to relieve parathyroid disease. Parathyroid disease is caused by a parathyroid tumor, and it needs to be removed by surgery.

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Did you know?

The U.S. Preventive Services Task Force recommends that all women age 65 years of age or older should be screened with bone densitometry.

Major moons of Uranus in order of increasing distance (left to right), at their proper relative size Major moons of Uranus in order of increasing distance (left to right), at their proper relative size
An Oil-dependent World— Supply and Demand Driven An Oil-dependent World— Supply and Demand Driven
Ratings of Perceived Contradictions in Political Statements Ratings of Perceived Contradictions in Political Statements
Increasing access to care for teen mothers is important because they have a higher rate of pregnancy ... Increasing access to care for teen mothers is important because they have a higher rate of pregnancy ...
Find the factor demand for labour and the amount of output it will produce. Show all ... Find the factor demand for labour and the amount of output it will produce. Show all ...
Video: Double Stranded DNA Molecule Animation

For a complete list of videos, visit our video library