Due to shortages in raw materials, all firms in the micro-chip industry increased their prices to their customers. Yet demand for chips did not change. This suggests that the demand for micro-chips is under these conditions.

Price Inelastic

Explanation:

Inelastic in the terms of the economic means or define as the static quantity of the goods and the services when the price of the product or service changes.

In short, it means that when the price increases, the buying habits of the consumer stay the same and the when the prices falls, the buying habits of the consumer remain unchanged.

So, in this case, the prices increases and the demand for the same did not change, which means that the demand for the micro chips is price inelastic.

the most important factor in the

work process or industry is to retain the interest of the employee. and to

retain them, their salary or profit must be adjusted to the best value. unless

the employee does not do his job properly, employees must receive bonuses or

benefits to ensure them to stay in the company. it will actually make them stay

longer, make them feel important and reduce costs for hiring new employees.

explanation:

mark brainliest!

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.