You are asked to consider a cheaper, lower-performance version of this processor, by removing some of the FP hardware to reduce the die size. The wafer has a diameter of 10 cm, costs $1,000, and has a defect rate of 2/(cm2). This wafer has a 75% yield. The current chip has a die size of 12 mm2. The new chip becomes 10mm2, and FP instructions will now take 13 cycles to execute.

Which of the following most accurately describes how the equilibrium price of a good or service can be determined? a. by moving the supply curve right or left until it matches the demand curve. b. by finding where the supply curve and the demand curve intersect. c. by doing market research to determine the maximum price consumers will pay. d. by taking the opposite of the columns in a supply schedule and a demand schedule.