Assume Dell and Toshiba computers are substitutes in consumption;if the price of dell computers increases we would expect to see
A)An increase in demand for Toshiba computers
B)An decrease in demand for Toshiba computers
C)An increase in the quantity of Toshiba computers demanded
D)An decrease in the quantity of Toshiba computers demanded

Question

Quizplus · Accepted Answer

If the price of Dell computers increases, consumers will likely switch to substitutes, such as Toshiba computers. This will lead to an increase in demand for Toshiba computers as consumers seek alternatives to the more expensive Dell computers. Therefore, option A is the correct answer.

Assume Dell and Toshiba Computers Are Substitutes in Consumption;if the Price