Business, 30.03.2020 17:43 ematthews1058

1.Increase in demand for sma1.Increase in demand for microprocessors leads to a(n) in the demand for processor assemblers. ll homes (compared to large homes) leads to a(n) in demand for lumber.

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Answer from: steven2996

Increase in demand for microprocessors leads to a(n) increase in the demand for processor assemblers.

More the demand of housing, more the demand for lumber & vice versa.

Explanation:

Micro Processors & processor assemblers are complementary goods, they are jointly used to satisfy a particular want.

Complementary goods demand are directly related to each other. More demand of one good, more demand of other good & less demand of one good, less demand of other good.

So, Increase in demand of micro processors would increase the demand of processor assemblers. Also, decrease in demand of micro processors would decrease demand of micro processor assemblers

Lumber is a particular kind of wood required in house construction. Demand of lumber is a derived demand, arising indirectly out of housing demand. Derived demand is directly related to the actual good's demand - more good's demand, more derived good's demand & less good's demand, less derived good's demand.

So, increase in demand of housing will increase demand of lumber, & decrease in demand of housing will decrease demand of lumber

Answer from: Quest

6x 2.54 is 15.24, answer is c

Answer from: Quest

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.

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1.Increase in demand for sma1.Increase in demand for microprocessors leads to a(n) in the demand fo...