Examlex

Solved

If Consumer Incomes Go Up and Laptops Are a Normal

question 60

Multiple Choice

If consumer incomes go up and laptops are a normal good, the effect on the demand for laptops, ceteris paribus, will be a/an:


Definitions:

Growing Up

The process of maturing or developing from a child into an adult, encompassing physical, psychological, and social changes.

Poverty

A condition where individuals or groups lack the financial resources to meet basic needs such as food, shelter, and healthcare.

Zero-Child Family

A family unit where the parents have chosen not to have children.

Auto Mechanic

A professional who specializes in repairing and maintaining automobiles, including diagnosing mechanical issues and performing services and repairs.

Related Questions