In retaliation for u. s. support for israel during the arab-israeli war, opec countries stopped selling oil to the united states. for the united states, this embargo caused the
a. demand curve for oil to shift in.
b. demand curve for oil to shift out.
c. supply curve of oil to shift in.
d. supply curve of oil to shift out.

Quick computing currently sells 12 million computer chips each year at a price of $19 per chip. it is about to introduce a new chip, and it forecasts annual sales of 22 million of these improved chips at a price of $24 each. however, demand for the old chip will decrease, and sales of the old chip are expected to fall to 6 million per year. the old chips cost $10 each to manufacture, and the new ones will cost $14 each. what is the proper cash flow to use to evaluate the present value of the introduction of the new chip? (enter your answer in millions.)