A few days ago
Need some Homework Help……….Economics?
“Strike Halts Production of Computer Microprocessors – No settlement expected soon”.
Based on this headline, which of the following will occur in the computer market?
Price of computers——–Quantity of computers sold
Increase – Increase
Increase – Decrease
Decrease – Increase
Decrease – Decrease
Top 4 Answers
A few days ago
Favorite Answer
The price would increase because of the reduction in computers being manufactured. The Q of computers sold would decrease because there aren’t any more being made
0
A few days ago
I would think if the prices decrease then quanity of computers sold would increase…..more people buy when prices drop
1
A few days ago
increase-decrease
fewer computers so they become more scarce and therefore prices increase
b/c price is higher and fewer computers are produced the quantity sold decreases
hope that helps 🙂
1
A few days ago
Increase – decrease i think… i never got to do economics but im pretty sure its increase – decrease
0
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