5
QuizMultiple Choice

Introduction to Economics

Question 5 • Financial literacy Q2 - Brinkerhoff - 2000 - 2025/26

Based on the lesson, what would most affect the price a consumer is willing to pay for a newer version of a laptop computer?

Answer
t
the materials used in its construction
t
the demand for the added performance elements
t
the quality of goods produced by the manufacturer
t
the numbers of previous models stored in the warehouse

Explanation

Consumers are generally willing to pay more for a newer laptop when they value its added performance features, such as faster processing or longer battery life. The demand for those improvements is therefore the factor most likely to affect the price they are willing to pay. Materials, manufacturer quality, and warehouse inventory may matter, but they do not directly measure how much consumers want the added performance.

AI-written and checked against the verified answer.

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