If Demand for Personal Computers Increases as a Result of an Increase

question 51

Multiple Choice

If demand for personal computers increases as a result of an increase in income,

• A)personal computers must be a normal good
• B)personal computers must be an inferior good
• C)personal computers must be a complement
• D)the substitutes for personal computers must be inferior goods
• E)the substitution effect is larger than the income effect

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A legal principle that requires certain types of contracts to be in writing and signed by the relevant parties to be enforceable.

20th Century

A historical period spanning from January 1, 1901, to December 31, 2000, known for significant technological, political, and social changes.

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