Asked by Robyia Spriggins on May 06, 2024
Verified
The price of microchips used to produce computers falls.As a result,the equilibrium price of computers _____ and the equilibrium quantity _____.
A) rises;increases
B) rises;decreases
C) falls;decreases
D) falls;increases
Microchips
Small semiconductor devices that contain integrated circuits used for various types of electronics and devices.
Equilibrium Price
The equilibrium price where the supply of items perfectly aligns with the demand for them in the marketplace.
Computers
Electronic devices designed to accept data, perform prescribed mathematical and logical operations at high speed, and display the results of these operations.
- Become familiar with the effect that alterations in input charges have on equilibrium in the marketplace.
Verified Answer
Learning Objectives
- Become familiar with the effect that alterations in input charges have on equilibrium in the marketplace.
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