Describe how each of the following will affect the demand for personal computers: a. A rise in income (assuming that computers are a normal good) b. A lower expected price for computers c. Cheaper software d. Computers that are simpler to operate
Describe how each of the following will affect the demand for personal computers: a. A rise in income (assuming that computers are a normal good) b. A lower expected price for computers c. Cheaper software d. Computers that are simpler to operate
Chapter3: Supply And Demand: Theory
Section: Chapter Questions
Problem 19QP
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- Describe how each of the following will affect the
demand for personal computers:
a. A rise in income (assuming that computers are a normal good)
b. A lower expectedprice for computers
c. Cheaper software
d. Computers that are simpler to operate
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