Suppose That the Amount of Computer Printers Demanded Increases by 20

question 116

Multiple Choice

Suppose that the amount of computer printers demanded increases by 20 percent when the price of personal computers falls by 10 percent. The cross price elasticity of demand between computer printers and personal computers is

• A) 0.5.
• B) -2.0.
• C) -0.5.
• D) 2.0.

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Definitions:

Intelligence Test

A method of assessing an individual's mental aptitudes and comparing them with others using numerical scores.

Deviation Intelligence Quotient

An intelligence score derived from standard deviation units from the mean in an intelligence test, indicating the extent to which an individual deviates from the average IQ score.

David Wechsler

A psychologist best known for developing several widely used intelligence tests, including the Wechsler Adult Intelligence Scale.

Verbal Ability

Verbal ability refers to the capacity to use language effectively, including skills like speaking, reading, writing, and understanding.