WPS Office P GT01003_Take-home exam.pdf O W Document1 + © google. O Go Premium 2 = Menu v Home Insert Page Layout Tools Q Click to find commands References Review View Section A WPSArt A 123 Insert Number A Object - E Date and Tim Breaks Blank Page Picture Screen Grab Shapes dl Chart Header and Footer Text Box WordArt Symbol Equation AE Drop Cap O File Object A Quick Parts - Comment Envelopes Page Number Table Watermark" =} Price per unit Quantity demanded Quantity supply (billions of units per year) (billions of units per year) 10 25 12 20 20 14 15 40 16 10 60 18 80 20 100 Page Num: 2 Page: 2/2 Section: 1/1 SetValue: 23.1cm Row: 22 Column: 1 Words: 211 M Spell Check 100% - - 12:29 PM G 4) ENG 23/7/2020 近
WPS Office P GT01003_Take-home exam.pdf O W Document1 + © google. O Go Premium 2 = Menu v Home Insert Page Layout Tools Q Click to find commands References Review View Section A WPSArt A 123 Insert Number A Object - E Date and Tim Breaks Blank Page Picture Screen Grab Shapes dl Chart Header and Footer Text Box WordArt Symbol Equation AE Drop Cap O File Object A Quick Parts - Comment Envelopes Page Number Table Watermark" =} Price per unit Quantity demanded Quantity supply (billions of units per year) (billions of units per year) 10 25 12 20 20 14 15 40 16 10 60 18 80 20 100 Page Num: 2 Page: 2/2 Section: 1/1 SetValue: 23.1cm Row: 22 Column: 1 Words: 211 M Spell Check 100% - - 12:29 PM G 4) ENG 23/7/2020 近
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
ChapterA: The Use Of Mathematics In Principles Of Economics
Section: Chapter Questions
Problem 3RQ: Exercise A3 What dome slices of a pie chart represent?
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Question
A semiconductor is a key component in your laptop, cell phone, and iPod. The table provides information about the market for semiconductors in the United States. Producers of semiconductors can get $18 a unit on the world market.
Due to loss of competitiveness brought on by appreciation of the exchange rate and the high production costs, U.S. government reduce the export (or limit the supply of domestic producers) by imposing an export quota of 20 billion units per year. What happens to U.S. price of semiconductors, the quantity of semiconductors bought by U.S. people, and the quantity of semiconductors exported? [hint: use equation to calculate the equilibrium]
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