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:

Straight-Line Method

A depreciation method that allocates an equal amount of the asset's cost to each year of the asset's useful life.

Issuance Price

The price at which shares or bonds are sold to the public for the first time.

Present Value

The current worth of a future sum of money or stream of cash flows given a specified rate of return, assessing the value today of an amount to be received in the future.

Maturity Value

The total amount payable to an investor at the end of a debt instrument's life, including the principal and any interest.