When the Price of a Product Falls, Causing Consumers to Purchase

question 139

Multiple Choice

When the price of a product falls, causing consumers to purchase more of that product and less of other products, this is known as the _____ effect.

• A) income
• B) substitution
• C) wealth
• D) interest rate

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Definitions:

Multimeter

A tool used to test voltage, current, resistance, and continuity.

Wireless Standards

Specifications established to ensure compatibility and interoperability among wireless communication devices.

2.4 GHz

A common frequency used for 802.11 wireless networks.

Docking Station

A part that has connections for a monitor, printer, keyboard, and mouse that allows a laptop computer to be more like a desktop system. Sometimes called a mobile docking station or a laptop docking station.