Describe how each of the following will affect the demand for personal computers: (a) A rise in
Question:
(a) A rise in incomes (assuming computers are a normal good);
(b) A lower expected price for computers;
(c) Cheaper software;
(d) Computers that are simple to operate
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 53% (15 reviews)
a The demand for computers will rise b The current demand for computer...View the full answer
Answered By
Madhvendra Pandey
Hi! I am Madhvendra, and I am your new friend ready to help you in the field of business, accounting, and finance. I am a College graduate in B.Com, and currently pursuing a Chartered Accountancy course (i.e equivalent to CPA in the USA). I have around 3 years of experience in the field of Financial Accounts, finance and, business studies, thereby looking forward to sharing those experiences in such a way that finds suitable solutions to your query.
Thus, please feel free to contact me regarding the same.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
Describe how each of the following will affect the supply of personal computers: (a) A rise in wage rates; (b) An increase in the number of sellers of computers; (c) A tax placed on production of...
-
Explain how each of the following will affect the consumption and saving schedules (as they relate to GDP) or the investment schedule, other things equal: a. A large increase in the value of real...
-
Explain how each of the following will affect a banks deposit balances at the Federal Reserve: a. The bank ships excess vault cash to the Federal Reserve. b. The bank buys U. S. government securities...
-
Q-1. You are the new Governor of State Bank of Pakistan after Reza Baqir. For each of the situations listed below, decide if you would use Easy-Monetary policy or Tight-Monetary policy. a) RGDP...
-
On January 2, 20X0, Kowalski Construction Company signed a contract to provide paved roads to a new housing development. The project will last 2 years, and the total payment will be $4million, to be...
-
M. Wilson Waltman died on January 1, 2019. All of his property was conveyed to beneficiaries on October 1, 2019. For federal estate tax purposes, the executor chose the alternate valuation date. On...
-
The mean number of accidents per month at a certain intersection is three. What is the probability that in any given month four accidents will occur at this intersection?
-
Roy Akins was the accounting manager at Zelco, Inc., a tire manufacturer, and he played golf with Hugh Stallings, the CEO, who was something of a celebrity in the community. The CEO stood to earn a...
-
A 1200 kg truck traveling at 45.0 mph drives on a banked curve angled at 22.0 degrees. The radius of curvature for the banked curve is 55.0 m. Determine the amount of working done by the force of...
-
Gold Nest Company of Guandong, China, is a family-owned enterprise that makes birdcages for the South China market. A popular pastime among older Chinese men is to take their pet birds on daily...
-
A Dell computer is a substitute for a HP* computer. What happens to the demand for HP computers and the quantity demanded of Dell computers as the price of a Dell falls?
-
What is the difference between demand and quantity demanded?
-
In Problems 1 through 10, a matrix A is given. Use the method of Example 1 to compute A 5 . 4 -3 2 -1
-
Continuing with the case of Shiva Industries Ltd., now assume that the company sold the revalued machine in the beginning of the 8th year for Rs. 13, 50,000. Determine the profit/loss on disposal...
-
A positively charged nonconducting hollow sphere of outer radius \(R\) and inner radius \(R / 2\) has a uniform volume charge density \(ho\). Determine the magnitude and direction of the electric...
-
A positively charged hollow sphere of radius \(+100 \mathrm{~mm}\) has a uniform surface charge density of \(10 \mathrm{nC} / \mathrm{m}^{2}\). Determine the electric field (a) 20 mm (b) 90 mm, and...
-
(LO2) Describe the claim of right doctrine.
-
(L02) Drew is self-employed as a mobile pet groomer and received a check from his customer on December 28, Year11. He did not deposit the income until January 2, Year12. In which year is the income...
-
Use the given matrices and perform the indicated operations. 2A 3B A= 2-3 4 1 -5 0 2-3 B = - 1 0 4-6 -2 -7 -3 1 5-6 2 8 0-2
-
Clark, PA, has been engaged to perform the audit of Kent Ltd.s financial statements for the current year. Clark is about to commence auditing Kents employee pension expense. Her preliminary enquiries...
-
Explain each of the following: (a) Real balance effect, (b) Interest rate effect, and (c) International trade effect.
-
What percentage of total income did the top 10 percent of income earners earn in 2011? What percentage of federal income taxes did this group pay in 2011?
-
What does the nominal interest rate equal, given the following: (a) Real interest rate = 3 percent; expected inflation rate = 1 percent; (b) Real interest rate = 5 percent; expected inflation rate =...
-
Discuss with examples about financial innovation& how it develops banking industry?
-
Elaborate with real world examples about different financial markets that contributed towards growth of financial sector?
-
The following statement of financial position is for the partnership of Able, Brown, and Crown at November 1, 2018. Assets Liabilities Cash $ 20,000 Accounts payable $ 50,000 Other assets 180,000...
Study smarter with the SolutionInn App