Computer Equipment Is Believed to Be a Normal Good

question 16

Multiple Choice

Computer equipment is believed to be a normal good.This means that

• A)the quantity of computer equipment consumed decreases as income increases.
• B)the income elasticity of demand for computer equipment is negative.
• C)the quantity of computer equipment increases as income increases.
• D)the quantity of computer equipment increases as income decreases.

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Definitions:

Perceptions

The process by which individuals organize and interpret their sensory impressions to give meaning to their environment.

Verbal Messages

The conveyance of information or ideas through spoken words, written texts, or sign language, forming the basis of human communication.

Dominance

The power and influence one holds over others, often within a social or environmental context.

Credibility

The quality in which someone is trusted and believed in.