When the Pointer Changes to a Pencil It Means You

question 59

Multiple Choice

When the pointer changes to a pencil it means you ____.

• A) can erase information
• B) can type text
• C) are in paint mode
• D) are in drawing mode

---

Definitions:

Compensated Demand Function

A demand function that adjusts for changes in income to show how quantities demanded by consumers change in response to a price change while keeping utility constant.

Adequately Paid

Compensation that meets or exceeds the value of the work performed or the qualifications of the individual.

Utility Function

This describes a formula used in economics to quantify the happiness or satisfaction obtained by a consumer from consuming goods and services.

Substitution Effect

The alteration in how goods are consumed as a result of shifts in relative prices, while maintaining the same level of satisfaction for the consumer.