Consumers Regard Dell Computers and Apple Computers as Substitutes

question 166

Multiple Choice

Consumers regard Dell computers and Apple computers as substitutes.If the price of a Dell computer decreases,the

• A) demand for Dell computers increases.
• B) demand for Apple computers increases.
• C) demand for Apple computers decreases.
• D) supply of Dell computers increases.
• E) demand for Dell computers decreases.

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Definitions:

Particular Event

A specific occurrence or happening relevant to the context in which it is mentioned.

Variation

The act or process of altering or deviating from the standard or expected form, outcome, or specification.

Allowable Variation

The range of acceptable deviation from a specified standard in a product or process without compromising quality.

Control Limits

The boundaries in control charts that indicate the acceptable range of variation for a process or quality characteristic.