Consider the market for laptop computers. Which of the following events would increase the equilibrium price and quantity of laptop computers? The cost of computer parts (wiring, processing chips, etc.) increase The wages of workers at computer companies decrease. Remote teaching becomes more popular, which needs to be completed with a computer. d Prices of other devices such as tablets, iPads, etc. all decrease. An decrease in supply is represented by Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a movement along the curve to the left. a movement along the curve to the right. c a shift left . A potential home buyer is considering buying a an apartment (so you get a check from the government of renting an apartment. The government decides to subsidize renting a check from the government when you rent). What panel best describes what will happen to the market for homes (not apartment units) immediately after the apartment subsidy? Select an answer a Panel A Panel B Panel C d Panel D The interest rate (cost of borrowing money) on 30-year mortgages for potential home buyers increases. Which panel best describes what will happen to the housing market? a Panel A b Panel B c Panel C d PanelD Consider the market for electric cars is initially in equilibrium. Then two events occur. The price of gasoline decreases dramatically and the cost of producing electric cars decreases, Considering only the afo do these events change the equilibrium of electric cars? supply graph, how he equilibrium will be at A before the shocks and at E after the shocks equilibrium will be at C before the shocks and at E after the shocks The equilibrium will be at C before the shocks and at B after the shocks d The equilibrium will be at B before the shocks and at C after the shocks In calculating gross domestic product, the Bureau of Economic Analysis uses the sum of the market value of final goods and services produced. This means that the Bureau of Economic Analysis Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. values goods at their market prices, multiplies them by the quantity produced, and then adds them up. simply counts the total number of goods produced in the market place and then adds them up. values final goods and services at their market prices, multiplies them by the quantity prod uiced, and then adds them up. simply counts the total number of goods and services produced in the marketplace and then adds them up. Suppose, in 2018, you purchased a used 2010 car from a private ad on Craigslist. Which of the following would be included in the gross domestic product for 2018? Select an a the original value of the car in 2010 b the value of the services of the used c c there is no change to the GDP in 2018 d the value of the car in 2018 Investment, as defined by economists in the calculation of GDP, would include the purchase of a new oven by Subway parking pass bought by students, that actually provides parking to students! share of stock in Microsoft. coffee beans by the Coffee Bean and Tea Leaf. Which of the following is most likely to increase measured GDP? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. The government shuts down. The BEA starts to track the value of illegal activity. There is more snow than usual, causing fewer people to travel away from home. d Gas prices increase
