The Demand for Dell Laptops Is More Price Elastic Than

question 13

Multiple Choice

The demand for Dell laptops is more price elastic than the demand for laptops as whole.This is best explained by

• A)There are fewer substitutes for Dell laptops than for laptops as whole
• B)There are more substitutes for Dell laptops than for laptops as whole
• C)Dell laptops are luxurious goods
• D)Dell laptops are a necessity

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Definitions:

Neoprene

A synthetic rubber produced by the polymerization of chloroprene, noted for its chemical stability and used in various products such as wetsuits and hoses.

Addition Polymer

A type of polymer formed by the sequential addition of monomer units with unsaturated bonds, such as olefins, to form long chains without the loss of any small molecules.

Condensation Polymer

A type of polymer formed by the condensation reaction where two molecules combine with the elimination of a small molecule, often water, between them.

Lactam Monomers

The monomeric units that can polymerize to form polyamides, where the repeating units contain a lactam ring.