Answer:
an increase
fall
complements
increase
substitutes
reduces
Explanation:
computer chips are inputs used in the production of computers. If the cost of computer chips decreases, the cost of making computers reduces. This would increase the supply of computers.
When supply exceeds demand, price falls
Complement goods are goods used or consumed together. computers and computer software are complement goods. Due to the rise in computers, the demand for computer software would increase also.
Substitute goods are goods that can be used in place of other goods. Computers and typewriters are substitutes. Since the demand for computers have increased due to the fall in price of computer chips, less typewriters would be demanded for .
Answer:
B) More; even minor
Explanation:
Illiquid (or exotic) currencies are foreign currencies that are not generally traded in exchange markets. They trade at very low volumes and are usually extremely volatile since both the demand and supply is very limited. Since there are very few suppliers and consumers of exotic currencies, any additional transaction can result in large changes in their value.
Answer:
d) normal; left; fall
Explanation:
A normal good is a good whose demand increases when income increases and whose demand falls when income falls.
An inferior good is a good whose demand increases when income falls.
If baseball is a normal good and income falls, quantity demanded falls. The demand curve would shift to the left. This leads to a fall in price.
If baseball were an inferior good, if income falls, quantity demanded rises and the demand curve shifts to the right and the equilibrium price and quantity rises.
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