If Computers and Software Are Complements,then

question 25

Multiple Choice

If computers and software are complements,then

• A)a fall in the price of computers will increase the demand for software and,ceteris paribus,the price of software will rise.
• B)a rise in the price of computers will decrease the demand for software and,ceteris paribus,the price of software will rise.
• C)a fall in the price of computers will decrease the demand for software and,ceteris paribus,the price of software will fall.
• D)a rise in the price of software will increase the demand for computers and,ceteris paribus,the price of computers will rise.
• E)a fall in the price of software will decrease the demand for computers and,ceteris paribus,the price of computers will fall.

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Definitions:

Economic Concept

A theoretical construct that represents ideas or theories within economics to explain various aspects of the economy, such as supply and demand, inflation, or growth.

Marginal Analysis

A method used in economics and decision-making that examines the costs and benefits of making small (marginal) adjustments to the quantity of a good or service.

Economic Terms

Vocabulary and phrases specific to the study and practice of economics, encompassing theories, models, and real-world financial practices.

Additional Exercise

Additional physical activity or workouts beyond one's regular routine, often aimed at improving fitness or health.