Asked by
Marco Martinez
on Nov 04, 2024Verified
An increase in demand for laptop computers would likely be caused by
A) an increase in the price of a substitute good.
B) an increase in the price of laptop computers.
C) an increase in the price of a complementary good.
D) a decrease in the price of laptop computers.
Substitute Good
A product or service that consumers see as a viable alternative to another product, where an increase in the price of one leads to an increase in demand for the other.
Laptop Computers
Portable personal computers with a clamshell form factor, suitable for mobile use and equipped with a keyboard and a screen.
- Examine how external influences like technological progress and global trade regulations affect market pricing.
Verified Answer
KV
Learning Objectives
- Examine how external influences like technological progress and global trade regulations affect market pricing.