Computer Chips Are a Normal Good

question 77

Multiple Choice

Computer chips are a normal good.Suppose the economy slips into a recession so that income falls.As a result,the demand for computer chips ________ so that the price of a computer chip ________.

• A) increases; rises
• B) increases; falls
• C) decreases; rises
• D) decreases; falls
• E) decreases; does not change

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Definitions:

Visual Communication

The conveyance of ideas and information through visual elements like images, symbols, charts, and graphics.

Persuasive

A quality or approach that has the power to convince or influence someone's beliefs, attitudes, or actions.

Complex Ideas

Concepts or notions that have multiple components, are difficult to understand, or require deep thought and analysis.

Scribbled Notes

Hastily or carelessly written down thoughts or information, typically for personal reference.