Author Question: Ceteris paribus, which of the following would cause a decrease in the demand for HD TVs? a. decline ... (Read 82 times)

codyclark · **on:** Jun 30, 2018

Ceteris paribus, which of the following would cause a decrease in the demand for HD TVs?
a. decline in the price of HD TVs. b. increase in the price of HD TVs.
c. increase in consumers' income. d. decrease in consumers' income.

Question 2

Which of the following would most likely not cause market demand for a normal good to decline?
a. An increase in the price of a substitute.
b. An increase in the price of a complement.
c. A decline in consumer income.
d. Consumer expectations that the good will go on sale in the near future.
e. An announcement by the Surgeon General that the product contributes to premature death.death.