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Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383

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BuyFindarrow_forward

Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383
Textbook Problem

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

(a)

To determine

Identify the changes in the demand for personal computers.

Explanation

When income of the consumer increases, the demand for personal computers also increases because a comput...

(b)

To determine

Identify the changes in the demand for personal computers.

(c)

To determine

Identify the changes in demand for personal computer.

(d)

To determine

Identify the changes in demand for personal computer.

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