After the development of the microchip what happened to the price of computers?

In this next scenario start your discussion by examining the differences between the definitions o Show more In this next scenario start your discussion by examining the differences between the definitions of the macroeconomics and microeconomics? Next discuss how the concepts of supply and demand relate to (1) microeconomics and (2) macroeconomics. In order for you demonstrate understanding of the supply and demand from the perspective of a microeconomic vs. macroeconomic consider the two scenarios below and discuss the following: Is the scenario a macroeconomic or microeconomic example of supply and demand Is this impacting supply or demand? Is this example going to experience a shift or a movement of supply or demand? As a result of this change what happened to equilibrium price and quantity? The two examples for you to consider are listed below: After Hurricane Katrina what happened to the price of fish? After the development of the microchip what happened to the price of computers? Show less

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