Apple Satisfies Consumers' Needs for Powerful, Lightweight, Easy-To-Use Laptops by Converting

question 81

Multiple Choice

Apple satisfies consumers' needs for powerful, lightweight, easy-to-use laptops by converting assorted software routines, hardware devices, and miscellaneous parts into portable computers. By doing this, Apple is creating

• A) consumer demand.
• B) market control.
• C) technological dependence.
• D) form utility.
• E) production efficiency.

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Definitions:

Movement Along

Refers to a change in the quantity demanded or supplied of a good, due to a change in its price, represented graphically as a movement along a demand or supply curve.

Demand Curve

A graphical representation showing the relationship between the price of a good or service and the quantity demanded by consumers at those prices.

Supply of Eggs

The total quantity of eggs that producers are willing and able to sell at a given price level.

Substitutes

Goods or services that can be used in place of each other, satisfying the same needs or desires, and thus competing in the same market.