If the Demand for Personal Computers Increases as the Result

question 1

Multiple Choice

If the demand for personal computers increases as the result of an increase in income, _____

• A) personal computers must be a normal good.
• B) personal computers must be an inferior good.
• C) personal computers must be a complementary good.
• D) the substitutes for personal computers must be inferior goods.
• E) the complements for personal computers must be inferior goods.

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Definitions:

Sales Journal

A specialized accounting journal used to record all sales transactions of a business.

Sales Revenue

The income generated from selling goods or services over a specific period before deducting any costs or expenses.

Accounts Receivable

Payments due to a company from its customers for the provision of goods or services, yet to be paid.

Sales Invoices

Documents issued by a seller to a buyer, detailing products or services sold, quantities, prices, and terms of sale.