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
Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter5: Buying The Necessities
Section: Chapter Questions
Problem 14AA
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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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