An Increase in Demand for Laptop Computers Would Likely Be

question 267

Multiple Choice

An increase in demand for laptop computers would likely be caused by

• A) an increase in the price of a substitute good.
• B) an increase in the price of laptop computers.
• C) an increase in the price of a complementary good.
• D) a decrease in the price of laptop computers.

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Definitions:

Interest Expense

The cost incurred by an entity for borrowed funds over a period of time.

Externality

A consequence of an economic activity experienced by unrelated third parties; it can be positive or negative.

Sunk Cost

Expenses that have already been incurred and cannot be recovered, and should not influence future business decisions.

Operating Cash Flow

The cash generated by a company's normal business operations, indicating whether a company can maintain or grow its operations without external financing.