The Market for Tablet Computers Has Grown Rapidly Over the Past

question 142

Multiple Choice

The market for tablet computers has grown rapidly over the past few years,due in part to the overwhelming success of the Apple iPad.Following the successful launch of the iPad in 2010,companies such as Toshiba,Samsung,Dell,and Amazon have all introduced products to compete with the iPad.The tablet computers introduced to compete with the iPad would be considered

• A) complements to the iPad.
• B) substitutes for the iPad.
• C) inferior goods compared to the iPad.
• D) normal goods compared to the iPad.

---

Definitions:

Convex

In economics, a shape of the curve describing a relationship that yields increasing returns or benefits, where the slope increases as you move from left to right.

Indifference Curves

A graphical representation of different bundles of goods between which a consumer is indifferent, showcasing preferences and trade-offs.

Complements

Products or services that are used together, where the use of one increases the value or demand of the other.

Budget Lines

A graphical representation of all possible combinations of goods that can be purchased with a given budget at set prices.