Consumers Regard Dell Computers and Apple Computers as Substitutes

question 166

Multiple Choice

Consumers regard Dell computers and Apple computers as substitutes.If the price of a Dell computer decreases,the

• A) demand for Dell computers increases.
• B) demand for Apple computers increases.
• C) demand for Apple computers decreases.
• D) supply of Dell computers increases.
• E) demand for Dell computers decreases.

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Definitions:

Contrast Effect

A cognitive bias where the evaluation of something is influenced by comparisons with recently encountered contrasting objects or events.

Perceiver

Someone who observes and interprets stimuli through the senses, forming perceptions based on their cognitive processes and prior experiences.

Target People

Individuals or groups that are the intended recipients or beneficiaries of specific actions, policies, or products.

Psychological State

An individual's mental condition that influences their feelings, thoughts, and behavior at a given time.