Between 2000 and 2015, advances in PC production technology increased the supply of PCs sharply. The demand for PCs also increased, but not nearly as much as the supply did
As a result, the price of a PC ________ and the quantity of PCs sold ________. A) rose; decreased
B) rose; increased
C) fell; decreased
D) fell; increased
D
Economics
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Refer to Table 10-2. Suppose Keira's income increases from $18 to $23 but prices have not changed. What is her utility maximizing bundle now?
A) 5 cups of soup and 4 sandwiches B) 5 cups of soup and 5 sandwiches C) 6 cups of soup and 5 sandwiches D) 4 cups of soup and 5 sandwiches
Economics
How do new classical economists view the importance of policy rules and discretion in macroeconomic policy?
What will be an ideal response?
Economics