The global microchip shortage is causing significant price increases for both new and used vehicles. Does this necessarily mean that the revenues earned by chip manufacturers will be up? Why or why not? Explain.
Description 1. In March 2020 (at the start of the pandemic) the US Energy Information Agency published a report with the headline “Oil market volatility is at an all-time high”. Using basic principles of demand and supply explain why oil prices tend to be so volatile and why it is not surprising that the EIA […]