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
d
Economics
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Explain the assumption of free disposal as it applies to indifference curve analysis
What will be an ideal response?
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When are black markets likely to arise?
A) when the government removes a price floor B) when the government enforces a price ceiling C) when there is a surplus of a good D) when the quantity supplied of a good exceeds the quantity demanded
Economics