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Author Question: Positive technological change in the production of LCD televisions caused the price of LCD ... (Read 117 times)

mckennatimberlake

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on: Jun 29, 2018
Positive technological change in the production of LCD televisions caused the price of LCD televisions to fall. Holding everything else constant, how would this affect the market for Blu-ray players (a complement to LCD televisions)?
 
  A) The demand for Blu-ray players would increase and the equilibrium price of Blu-ray players would decrease.
  B) The demand for Blu-ray players would decrease because consumers could afford to buy fewer LCD televisions and Blu-ray players.
  C) The demand for Blu-ray players would increase and the equilibrium price of Blu-ray players would increase.
  D) The supply of Blu-ray players would increase and the equilibrium price of Blu-ray players would decrease.

Question 2

Why was the recovery from the 20082009 recession so slow?
 
  What will be an ideal response?


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CourtneyCNorton

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

The recovery from the recession has been slow because investment has not rebounded. Investment has remained low because of uncertainty about the future.


mckennatimberlake

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

kswal303

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Reply 3 on: Yesterday
Excellent

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