Which determinant of demand changes in the personal computer market as more individuals become interested in "surfing the net"? a) Cost of factors of production b) Income c) Expectations or d) Number of buyers
Which determinant of demand changes in the personal computer market as more individuals become interested in "surfing the net"? a) Cost of factors of production b) Income c) Expectations or d) Number of buyers
Microeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506893
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter10: Price-searcher Markets With Low Entry Barriers
Section: Chapter Questions
Problem 3CQ
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Which determinant of demand changes in the personal computer market as more individuals become interested in "surfing the net"? a) Cost of factors of production b) Income c) Expectations or d) Number of buyers
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In terms of economics, demand is the willingness of a consumer to purchase goods and services at a particular price. When a product or service's price increases, demand often decreases.The price of the commodity, its value perception, advertising, income, consumer confidence, and changes in preferences and fashion are just a few of the variables that affect consumer demand.
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