Emily Wants to Purchase a Tablet Device

question 93

Multiple Choice

Emily wants to purchase a tablet device.She is unsure about what hardware and apps she will need.As a result,she has begun asking for advice from her friends and relatives.In addition,she has talked to several salespeople at Apple and Best Buy and has looked at some websites,such as HP and Dell.Emily is engaging in

• A)problem recognition.
• B)an internal search.
• C)an external search.
• D)a purchase task.
• E)the creation of an antecedent state.

---

Definitions:

Excess Demand

A market condition in which the quantity demanded of a product exceeds the quantity supplied at a given price.

Nonprice Ration

Distributing or allocating goods based on criteria other than price, such as need or merit.

Short Run

A period in which at least one input (such as plant size) is fixed, and only the variable inputs can be adjusted.

Price System

An economic mechanism that uses prices arising from supply and demand interactions to communicate information to help guide the allocation of resources.