Answered step by step
Verified Expert Solution
Question
1 Approved Answer
If the price of home computers rises an people still buy more of them, then: A. demand has decreased B. the law of demand does
If the price of home computers rises an people still buy more of them, then:
A. demand has decreased
B. the law of demand does not hold
C. the demand for home computers is inelastic
D. the demand for home computers is elastic
C. this could have been caused by a shift of the demand curve
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started