Examlex

Solved

A ____ Computer Is a Portable Computing Device Featuring a Touch-Sensitive

question 30

Multiple Choice

A ____ computer is a portable computing device featuring a touch-sensitive screen that can be used as a writing or drawing pad.


Definitions:

Income Effect

The change in an individual's or economy's consumption patterns resulting from a change in real income.

Substitution Effect

The financial concept stating that when prices increase or incomes drop, individuals will substitute higher-priced goods with more affordable options.

Normal Goods

Goods for which demand increases as the income of consumers increases, and falls when consumer income decreases.

Utils

A hypothetical unit of measurement used in economics to represent the satisfaction or utility that a consumer receives from consuming goods and services.

Related Questions