Consider the market for GM cars. Recently, there has been a negative shock in the supply...

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Consider the market for GM cars. Recently, there has been a negative shock in the supply of computer chips that are a necessary part of the production process. Which of the following statements is false? O a. Cars and chips are substitutes. Ob. The shock will result in higher car prices. Oc. The shock will result in a car shortage. O d. Cars and chips are complements. Consider the market for GM cars. Recently, there has been a negative shock in the supply of computer chips that are a necessary part of the production process. Which of the following statements is false? O a. Cars and chips are substitutes. Ob. The shock will result in higher car prices. Oc. The shock will result in a car shortage. O d. Cars and chips are complements.

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Answer Car and chip are complements Complementary goods are products whi... View the full answer