What Effect Do Computer Chip Sellers' Expectations of Falling Chip

question 21

Multiple Choice

What effect do computer chip sellers' expectations of falling chip prices in the coming months have on the current computer chip market?

• A) The supply of computer chips increases, pushing down the equilibrium price and quantity.
• B) The supply of computer chips increases, pushing down the equilibrium price and increasing the equilibrium quantity.
• C) The demand for computer chips increases, pushing down the equilibrium price and increasing the equilibrium quantity.
• D) The demand for computer chips decreases, pushing down the equilibrium price and increasing the equilibrium quantity.

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Definitions:

Conciliation

A method of alternative dispute resolution where an unbiased third party helps disputing parties to reach a voluntary, mutually agreeable resolution.

Mediation

A form of alternative dispute resolution where a neutral third party assists the disputing parties in reaching a mutually acceptable agreement.

Supervisory Position

A role or job that entails overseeing and directing the work of other employees to ensure organizational goals are met.

Notice

A formal announcement or warning of something, especially pertaining to legal or official matters.