Refer to the Graphs

question 83

Multiple Choice

Refer to the graphs. Suppose a firm is currently producing 500 computers per week and charging a price of $1,000. What happens to the firm's inventory of computers if there is a negative demand
Shock and prices are inflexible?

• A) The firm's inventories will not change.
• B) The firm's inventories will increase by 200 computers per week.
• C) The firm's inventories will decrease by 150 computers per week.
• D) The firm's inventories will increase by 350 computers per week.

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Definitions:

White-Collar

Pertaining to workers or jobs characterized by office or administrative work, as opposed to blue-collar jobs that involve manual labor.

Street Crimes

Criminal activities that occur in public places, typically involving theft, assault, or vandalism.

Expensive

Characterized by high cost or price; something that requires a significant amount of money to purchase or maintain.

Merton's Strain Theory

A sociological theory that explains deviance in terms of the pressure individuals feel to achieve socially accepted goals by legitimate means.