a) Which of the following is not a typical way in which societies deal with the shortage caused by a legally binding price ceiling O Black markets O Queuing O Ration coupons O Raising the price b) Due to Covid-19, many companies are moving work online. In the market for computers we would therefore expect O A decrease in the equilibrium quantity and an increase in the equilibrium price O An increase in the equilibrium quantity and price O A decrease in the equilibrium quantity and price O An increase in the equilibrium quantity and a decrease in the equilibrium price c) AMD and Nvidia are the two main GPU (Graphics Processor Units) producers in the world. Producers of laptops and desktops (Dell, Lenovo, HP, etc.) are the main customers for these chips. All else equal, if AMD reduces the price of its GPUs, what happens to the equilibrium quantity and price the market for Nvidia GPUs? O The price will decrease the quantity increase O The price and quantity will increase O The price will increase and the quantity decrease O The price and quantity will decrease
a)
Which of the following is not a typical way in which societies deal with the shortage caused by a legally binding
O Black markets
O Queuing
O Ration coupons
O Raising the price
b)
Due to Covid-19, many companies are moving work online. In the market for computers we would therefore expect
O A decrease in the equilibrium quantity and an increase in the
O An increase in the equilibrium quantity and price
O A decrease in the equilibrium quantity and price
O An increase in the equilibrium quantity and a decrease in the equilibrium price
c)
AMD and Nvidia are the two main GPU (Graphics Processor Units) producers in the world. Producers of laptops and desktops (Dell, Lenovo, HP, etc.) are the main customers for these chips. All else equal, if AMD reduces the price of its GPUs, what happens to the equilibrium quantity and price the market for Nvidia GPUs?
O The price will decrease the quantity increase
O The price and quantity will increase
O The price will increase and the quantity decrease
O The price and quantity will decrease
The price and quantity are determined on the basis of demand and supply for a product. Demand refers to the consumers and supply refers to the sellers.
Step by step
Solved in 2 steps with 2 images
