The Number of Computers Bought Increased by 20 Percent When

question 254

Multiple Choice

The number of computers bought increased by 20 percent when the price of on-line services declined by 10 percent. Assuming other factors are held constant, computers and on-line services are classified as:

• A) complements.
• B) unrelated goods.
• C) substitutes.
• D) social goods.

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Definitions:

Response Time

The duration between when a request is made and when the response is received.

Facilities

Physical locations like factories, warehouses, and distribution centers involved in the production, storage, and distribution of goods in a supply chain.

Online Retailer

A business that sells goods or services over the internet directly to consumers.

Bricks And Mortar

Traditional physical retail stores, as opposed to online or virtual stores.