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Problem: You are the manager of a midsize company that assembles personal computers. You purchase most components in a competitive market. Based on your research customers that make more than $80K per year are more likely to buy 1.5 more components for their PC. You pick up the Wall Street Journal that states that component parts for PCS are expected to rise, which will cause the price of component parts to increase. Based on this what can you expect will happen to the components you sell? Explain. Explain your answer and provide examples.

Microeconomics, Economics

  • Category:- Microeconomics
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