A
acox7942
Guest
Ok, I am studying for a test and I have no idea how the answer is e. I have a review paper and it says the answer is e, but I have no idea how they got there, and how it is indeterminate. I don't even know what this means. Help please!
What effect would the following 2 simultaneous events have on Dell computers ?
1. Wages paid to workers who produce Dell computers increase.
2. A technological improvement in the production of Dell computers occurs
a.Both the equilibrium price and quantity of Dell computers would increase.
b.The equilibrium price would increase, but the effect on quantity is indeterminate.
c.The equilibrium quantity would increase, but the effect on price is indeterminate.
d.Both the equilibrium price and quantity would decrease.
e.The effect on both equilibrium price and quantity is indeterminate.
What effect would the following 2 simultaneous events have on Dell computers ?
1. Wages paid to workers who produce Dell computers increase.
2. A technological improvement in the production of Dell computers occurs
a.Both the equilibrium price and quantity of Dell computers would increase.
b.The equilibrium price would increase, but the effect on quantity is indeterminate.
c.The equilibrium quantity would increase, but the effect on price is indeterminate.
d.Both the equilibrium price and quantity would decrease.
e.The effect on both equilibrium price and quantity is indeterminate.