The Order of the Letters Along the Rows of Computer

question 135

Multiple Choice

The order of the letters along the rows of computer keyboards could be changed to allow users to type faster, but this would inconvenience the vast majority of people who learned to type with the current keyboard layout.The costs of switching to a new layout make this change unlikely.This is an example of

• A)path dependency.
• B)how social influences overwhelm the substitution effect of a price change.
• C)how the elasticity of demand for typewriters has been affected by externalities.
• D)how consumers sometimes do not behave rationally.

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Definitions:

COV

COV refers to the coefficient of variation, a statistical measure of the relative dispersion or variability of a data set relative to its mean, expressed as a percentage.

Covariance

A measure that indicates the extent to which two variables change together; positive covariance indicates that both variables tend to move in the same direction.

Conditional Probabilities

The probability of a specific event happening after another event has already taken place.

IUPAC

The International Union of Pure and Applied Chemistry, an organization that sets standards for naming chemical compounds.