The Order of the Letters Along the Rows of Computer

question 135

Multiple Choice

The order of the letters along the rows of computer keyboards could be changed to allow users to type faster, but this would inconvenience the vast majority of people who learned to type with the current keyboard layout.The costs of switching to a new layout make this change unlikely.This is an example of

• A)path dependency.
• B)how social influences overwhelm the substitution effect of a price change.
• C)how the elasticity of demand for typewriters has been affected by externalities.
• D)how consumers sometimes do not behave rationally.

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Definitions:

Tax Liabilities

Financial obligations imposed by governments on individuals and entities in relation to their income, property, and transactions.

Mathematical Calculations

The process of using mathematical operations and techniques to solve problems or analyze data.

Accounting Process

A systematic method of recording, analyzing, and summarizing financial transactions of a business.

Bookkeeping

The systematic recording of business transactions.