Which of the Following Is the Useful Life of a Computer

question 33

Multiple Choice

Which of the following is the useful life of a computer for the general public?

• A) One year
• B) Two to three years
• C) Three to five years
• D) Five to eight years

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Definitions:

Downward Sloping

Describes a line on a graph that represents a decrease in one variable in response to an increase in another, commonly used in economics to depict demand curves.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a specific price in a given period.

Price

The payment magnitude expected, called for, or compensated in exchange for something.

Law of Demand

A principle stating that all else being equal, as the price of a good or service increases, the quantity demanded decreases, and vice versa.