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Consider chips plants: potato and computers. Assume is a large rise in the demand for computer chips and potato chips. A.How responsive to demand is
Consider chips plants: potato and computers. Assume is a large rise in the demand for computer chips and potato chips.A.How responsive to demand is each in the market period?B.Describe what a manufacturer of each product might do in the short run to increase productionC.How does the long run differ for the products?