One Reason the Demand for Laptop Computers Might Increase Is

question 59

Multiple Choice

One reason the demand for laptop computers might increase is a

• A)fall in the price of a laptop computers.
• B)fall in price of desktop computers.
• C)a change in preferences as laptops have become more portable, with faster processors and larger hard drives.
• D)poor quality performance record for laptop computers.
• E)a decrease in income if laptops are a normal good.

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Definitions:

Long-Term Gain

Profit from the sale of an asset held for more than a specific period, typically one year, qualifying for preferential tax treatment.

Parcel of Land

A specific piece of land, defined by boundaries, that can be owned or bought.

Capital Gain

The profit from the sale of assets or investments, such as stocks or real estate, which exceeds the purchase price.

Gift

A voluntary transfer of property or funds from one person to another without receiving anything in return, or at least without expecting a return equal to the value of the gift.