Consumers Regard Dell Computers and Apple Computers as Substitutes

question 15

Multiple Choice

Consumers regard Dell computers and Apple computers as substitutes. If the price of a Dell computer decreases, the

• A) demand for Apple computers decreases.
• B) demand for Dell computers increases.
• C) supply of Dell computers increases.
• D) demand for Apple computers increases.
• E) demand for Dell computers decreases.

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Definitions:

Demand Curve

A curve on a graph that exhibits the quantity of a good that consumers are prepared to buy at different prices.

Income

Regular earnings from employment or investment returns.

Product

An item that is created through a process and is offered for sale to consumers in the market.

Market Demand Curve

A graphical representation showing the total quantity of a good or service that all consumers in a market are willing and able to purchase at various prices.