Study guides, Class notes & Summaries

Question Question 1 Which of the following would reduce the supply of microcomputers? A. a technological improvement that lowers the cost of producing the computers B. higher wage rates for the workers that assemble the computers C. a reduction in the price of computer chips used to produce the computers D. a reduction in the price of computers. Question 2 A supply curve is a graphical illustration of the relationship between price, shown on the vertical axis, and ____________, shown on the hor...

Question Question 1 Which of the following would reduce the supply of microcomputers? A. a technological improvement that lowers the cost of producing the computers B. higher wage rates for the workers that assemble the computers C. a reduction in the price of computer chips used to produce the computers D. a reduction in the price of computers. Question 2 A supply curve is a graphical illustration of the relationship between price, shown on the vertical axis, and ____________, shown on the hor...

Question Question 1 Which of the following would reduce the supply of microcomputers? A. a technological improvement that lowers the cost of producing the computers B. higher wage rates for the workers that assemble the computers C. a reduction in the price of computer chips used to produce the computers D. a reduction in the price of computers. Question 2 A supply curve is a graphical illustration of the relationship between price, shown on the vertical axis, and ____________, shown on the hor...