It has been observed in country X that with an increase in college enrollment over a period of six years, the demand for televisions has also increased.
Would it be right to conclude that the increase in college enrollment has caused the increase in demand for televisions? Why or why not?
Question 2
In goods markets ________ and in factor markets ________.
A) households sell to firms; firms sell to households
B) firms sell to households; households sell to firms
C) households sell to firms; households sell to firms
D) firms sell to households; firms sell to households