Which of the following would reduce the supply of microcomputers?
A) higher wage rates for the workers that assemble the computers
B) a reduction in the price of computers
C) a technological improvement that lowers the cost of producing the computers
D) a reduction in the price of computer chips used to produce the computers
Correct Answer:
Verified
Q3: When the price of corn falls,the market
Q95: The substitution effect helps to explain why
Q96: FIGURE 3-5 Q97: A severe freeze has once again damaged Q98: Antonio's makes the greatest pizza and delivers Q99: Ceteris paribus, if new manufacturers enter the Q102: Is it possible for a BMW to Q103: Increasing opportunity costs is one explanation for Q104: The law of supply is a federal Q105: What are the five things that will
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents