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Author Question: Which of the following would increase the quantity of LCD TVs demanded but would not increase the ... (Read 81 times)

RODY.ELKHALIL

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on: Jun 30, 2018
Which of the following would increase the quantity of LCD TVs demanded but would not increase the demand for LCD TVs?
 a. an increase in the price of plasma TVs, a substitute
 b. an increase in incomes assuming that LCD TVs are normal goods
  c. an increase in the expected future price of LCD TVs
 d. a decrease in the current price of LCD TVs

Question 2

In the simplest Keynesian expenditure model, which of the following is fixed to allow for easy evaluation of changes in demand due to real income?
 a. the price level
 b. interest rates
 c. tastes and preferences
  d. future expectations


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leahchrapun

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Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

a


RODY.ELKHALIL

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  • Posts: 591
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

rachel

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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