If the Price of Computers Increases and the Demand for Monitors

question 120

Multiple Choice

If the price of computers increases and the demand for monitors decreases as a result, then:

• A)computers and monitors are complements.
• B)computers are a normal good and monitors are inferior.
• C)computers and monitors are substitutes.
• D)computers are an inferior good and monitors are normal.

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Definitions:

Vendor

An individual or company offering goods or services for sale.

Encroachments

Unauthorized intrusion or extension of a building, structure, or other improvement onto another's property.

Easements

A legal right to use another person's land for a specific limited purpose, such as right of way or utility access, without owning it.

Physical Boundary

The real, tangible boundaries that define the perimeter of a property, often marked by fencing, walls, or natural landmarks.