Computer chips are a normal good. suppose the economy slips into a recession so that income falls. as a result, the demand for

Question

3 years ago

9

computer chips ________ so that the price of a computer chip ________.

1 answer:

Alja [10] · Answer 1 · 2022-02-18T12:51:06+03:00

Alja [10]3 years ago

6 0

Decrease, decreases.

The decrease in demand for computer chips leads to a leftward shift of the demand curve, which shows a decrease in price.

Computer chips are a normal good. suppose the economy slips into a recession so that income falls. as a​ result, the demand for