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1.Describe how each of the following will affect the supply of personal computers: (a) A rise in wage rates; (b) A tax placed on the

1.Describe how each of the following will affect the supply of personal computers:

(a) A rise in wage rates;

(b) A tax placed on the production of computers.

2.A seller of onions expects onion prices to rise in the future. Explain how this will affect his current sales and why.

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