Question: Exercise # 2 Please i need answer typed T-Mobile 7:56 PM moodle.mcny.edu 2. Consider the supply of computers. For each of the following, state the

Exercise # 2

Please i need answer typed

T-Mobile 7:56 PM moodle.mcny.edu 2. Consider the supply of computers. For each of the following, state the effect on supply: a. A change in technology that lowers production costs b. An increase in the price of semiconductors c. A decrease in the price of computers d. An increase in the wages of computer assembly workers e. An increase in consumer incomes 3. The demand curve is given by QD = 500-5Pr + 0.51 +10-27, where QD = quantity demanded of good X Px - price of good X 1 - consumer income, in thousands Py = price of good Y a. Based on the demand curve above, is X a nor- b. Based on the demand curve above, what is the c. Based on the demand curve above, what is the Pz- price of good Z mal or an inferior good? relationship between good X and good Y? relationship between good X and good Z

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