Multiple Choice
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
Correct Answer:
Verified
Correct Answer:
Verified
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