1. Many products, such as golf clubs, are made with graphite-epoxy resins becaus

Question

1. Many products, such as golf clubs, are made with graphite-epoxy resins because it's strong and lightweight. If a new tchnology reduced the cost of producing graphite-exposy, then you'd expect ___ in the graphite epoxy golf club market.

a. both supply and demand to increase

b. supply to decrease

c. demand to decrease

d. supply to increase

e. demand to increase

2. What has been the biggest factor in the increased supply of computer chips over the past few years?

a. An increase in the quantity demand of computers.

b. An increase in the demand for Internet service

c. An increase in the quantity supplied of computers

d. An increase in the demand for computers

e. An increase in the supply of computers

Explanation / Answer

1.

Both demand and supply will increase

as low costs benefits both side, on sell side it impproves margins and lower led to reduce price even at high profits while demand increase due to low cost

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