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(1) Based on your knowledge of supply, what do you believe will occur as a result of the Chips Act? In other words, according to microeconomic principles, how will supply of chips be impacted? How w
(1) Based on your knowledge of supply, what do you believe will occur as a result of the Chips Act? In other words, according to microeconomic principles, how will supply of chips be impacted? How will this supply affect other industries in the economy and your purchases?
(2) Is producing chips important to the U.S. economy? Explain by giving 2 examples.
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