Solved

Select the Phrase That Correctly Completes the Following Statement

Question 18

Multiple Choice

Select the phrase that correctly completes the following statement. "A positive change in technology caused an increase in the supply of OLED televisions. As a result ________."


A) the price of OLED televisions decreased and the demand for OLED televisions increased
B) the equilibrium quantity of OLED televisions decreased
C) the price of OLED televisions decreased and the quantity demanded of OLED televisions increased
D) the price of OLED televisions decreased. The lower price caused the supply of OLED televisions to decrease

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q13: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB10505/.jpg" alt=" -Refer to Figure

Q14: If consumers believe the price of OLED

Q15: A decrease in the price of dashboard

Q16: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB10505/.jpg" alt=" -Refer to Figure

Q17: Positive technological change in the production of

Q19: The athletic shoe industry is highly competitive.

Q20: Which of the following has occurred as

Q21: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB10505/.jpg" alt=" -Refer to Figure

Q22: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB10505/.jpg" alt=" -Refer to Figure

Q23: "The price of LED light bulbs fell