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Bingel [31]
3 years ago
12

If demand for personal computers increases as a result of an increase in income, a. personal computers must be a normal good b.

personal computers must be an inferior good c. personal computers must be a complement d. the substitutes for personal computers must be inferior goods e. the substitution effect is larger than the income effect
Business
1 answer:
dexar [7]3 years ago
3 0

Answer: Personal computers must be a normal good.

Explanation:

Normal good is a type of commodity available in a market, in which the commodity's demand increases as income of the buyers increase. The normal goods posses a positive income elasticity of demand(where demand is directly proportional to income).

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Answer:

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This group will most likely develop overconfidence in any future task assigned to them. This is based on the fact  that they have a repetitive history of successfully completing its project in time. By being overly optimistic , analytical thinking can be eliminated and these symptoms of groupthink are referred to as the illusion of invulnerability. The group therefore can end up taking too much risk as the members feel that no obstacle can hinder them from being successful in their projects.

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3 years ago
If there are 25 number 05 buyers what will be market demand​
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4 0
1 year ago
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8 0
3 years ago
Identify two advantages of dollar-value lifo compared with unit lifo.
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Saar Associates sells two licenses to Kim & Company on September 1, 2021. First, in exchange for $100,000, Saar provides Kim
Vladimir79 [104]

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