Suppose that ariana consumes two goods, coffee and textbooks. both are normal goods. suppose the price of textbooks decreases, while the price of coffee remains unchanged. the income effect by itself suggests that ariana will consume
use letters in alphabetical order to select optionsa) less coffee and fewer textbooks. b) more coffee and more textbooks. c) more coffee and fewer textbooks. d) less coffee and more textbooks.

Quick computing currently sells 12 million computer chips each year at a price of $19 per chip. it is about to introduce a new chip, and it forecasts annual sales of 22 million of these improved chips at a price of $24 each. however, demand for the old chip will decrease, and sales of the old chip are expected to fall to 6 million per year. the old chips cost $10 each to manufacture, and the new ones will cost $14 each. what is the proper cash flow to use to evaluate the present value of the introduction of the new chip? (enter your answer in millions.)