The order of the letters along the rows of computer keyboards could be changed to allow users to type faster, but this would inconvenience the vast majority of people who learned to type with the current keyboard layout
The costs of switching to a new layout make this change unlikely. This is an example of
A) how consumers sometimes do not behave rationally.
B) how the elasticity of demand for typewriters has been affected by externalities.
C) path dependency.
D) how social influences overwhelm the substitution effect of a price change.
C
You might also like to view...
Which of the following can solve the problem of moral hazard that arises due to the provision of unemployment benefits?
A) Increase in the cover period B) Restrictions on the claim amount C) Increase in the amount provided as benefit D) High premium
Sometimes unions can raise wages above what productivity increases would permit. When this happens, we can be sure that
A) the employment of union workers is increasing. B) some union workers end up losing their jobs. C) there is a redistribution of income from union workers to nonunion workers. D) featherbedding will occur.