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From 1981,when IBM Introduced the PC Standard Computer,to 2012 the Price

Question 28

Multiple Choice

From 1981,when IBM introduced the PC standard computer,to 2012 the price elasticity of demand for IBM computers has


A) fallen due to the increase in the number of substitutes.
B) increased due to the lower price of IBM computers.
C) increased due to the increase in the number of substitutes.
D) fallen because the time frame is now long.
E) increased due to greater consumer acceptance of computers.

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