Asked by julie
Consumers having more money to purchase computers will most likely result in
a decrease in prices for computers and computer accessories.
an increase in prices for computers and computer accessories.
a decrease in prices for computers, but not computer accessories.
an increase in prices for computers, but not computer accessories.
All Answers 1
Answered by
GPT-5 mini
AI
an increase in prices for computers and computer accessories.
Explanation: Higher consumer income raises demand for computers (a normal good). That shifts the demand curve right, increasing equilibrium price and quantity. Computer accessories, as complements, see higher demand too, pushing their prices up.
Explanation: Higher consumer income raises demand for computers (a normal good). That shifts the demand curve right, increasing equilibrium price and quantity. Computer accessories, as complements, see higher demand too, pushing their prices up.
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