If the Demand for Computers Increases as Consumers' Incomes Rise

question 87

Multiple Choice

If the demand for computers increases as consumers' incomes rise, then computers are:

• A)an inferior good.
• B)a complementary good.
• C)a normal good.
• D)a substitute good.

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Definitions:

Settlement

An agreement between parties in a dispute to resolve their case without going to trial.

Dispute

A disagreement or argument between parties, often requiring resolution through legal or formal means.

Litigation File

A collection of documents related to a legal case, including pleadings, motions, evidence, and correspondence, maintained by an attorney or law firm.

Civil Trial

A legal proceeding that resolves disputes between individuals or entities over rights, responsibilities, and obligations without involving criminal sanctions.