The Price of Microchips Used to Produce Computers Falls

question 181

Multiple Choice

The price of microchips used to produce computers falls.As a result,the equilibrium price of computers _____ and the equilibrium quantity _____.

• A)rises;increases
• B)rises;decreases
• C)falls;decreases
• D)falls;increases

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Definitions:

Military Coalition

An alliance formed between multiple countries or groups to achieve a common military goal, often seen in contexts of war or peacekeeping missions.

Saudi Arabia

A country in the Middle East known for its vast oil reserves, playing a significant role in global energy markets and geopolitics.

Liberate Kuwait

Refers to the military operation by coalition forces led by the United States to free Kuwait from Iraqi occupation during the Gulf War in 1991.

Saddam Hussein

The fifth President of Iraq, serving from 1979 until 2003, known for his role in the Iran-Iraq War and Gulf War.