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The Price of Microchips Used to Produce Computers Falls

question 181

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


Definitions:

Behavior Modeling

The use of observational learning, where individuals learn how to act or behave by watching and imitating others.

Theme Park

A large outdoor area designed for entertainment, containing rides, attractions, and shows based on a particular theme or themes.

Customer Service

The assistance and support provided by a company to those who buy or use its products or services.

Philippines

A Southeast Asian country in the Western Pacific, comprising more than 7,000 islands and known for its rich biodiversity and multicultural heritage.

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