Fill in the blank by typing 'increase', 'decrease', 'no change', or 'uncertain'. To sure to type the words in exactly as I have above. Do not include the apostrophes ('). In March of 2021 there was a fire in a major Japanese computer chip factory. This event would have caused the market price of computer chips to and the market quantity to Computer chips are a necessary input in the production of cars. Therefore, the factory fire would cause the market price for new cars to and the market quantity to Around the end of March 2021, the number of COVID-19 cases began to drop. As a result, people began to return to work and subsequently demanded more cars. The effects of this in conjunction with the factory fire would cause the market price for cars to and the market quantity to

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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Fill in the blank by typing 'increase', 'decrease', 'no change, or 'uncertain'. To receive credit, make
sure to type the words in exactly as I have above. Do not include the apostrophes (').
In March of 2021 there was a fire in a major Japanese computer chip factory. This event would
have caused the market price of computer chips to
and the market quantity to
Computer chips are a necessary input in the production of cars. Therefore, the factory fire would
cause the market price for new cars to
and the market quantity to
Around the end of March 2021, the number of COVID-19 cases began to drop. As a result, people
began to return to work and subsequently demanded more cars. The effects of this in conjunction
with the factory fire would cause the market price for cars to
and the market
quantity to
Transcribed Image Text:Fill in the blank by typing 'increase', 'decrease', 'no change, or 'uncertain'. To receive credit, make sure to type the words in exactly as I have above. Do not include the apostrophes ('). In March of 2021 there was a fire in a major Japanese computer chip factory. This event would have caused the market price of computer chips to and the market quantity to Computer chips are a necessary input in the production of cars. Therefore, the factory fire would cause the market price for new cars to and the market quantity to Around the end of March 2021, the number of COVID-19 cases began to drop. As a result, people began to return to work and subsequently demanded more cars. The effects of this in conjunction with the factory fire would cause the market price for cars to and the market quantity to
Fill in the blank by typing 'increase', 'decrease', 'no change', or 'uncertain. To receive credit, make
sure to type the words in exactly as I have above. Do not include the apostrophes (').
Suppose there is an increase in the price of ambrosia apples. Then the market price for golden
delicious apples will
and the market quantity will
, since
ambrosia apples and golden delicious apples are substitutes. .
Transcribed Image Text:Fill in the blank by typing 'increase', 'decrease', 'no change', or 'uncertain. To receive credit, make sure to type the words in exactly as I have above. Do not include the apostrophes ('). Suppose there is an increase in the price of ambrosia apples. Then the market price for golden delicious apples will and the market quantity will , since ambrosia apples and golden delicious apples are substitutes. .
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