Suppose the price of a substitute to lcd televisions rises. What effect will this have on the market equilibrium for lcd tvs? The equilibrium price of lcd tvs will
a. Increase and the equilibrium quantity will increase.
b. Not change and the equilibrium quantity will not change.
c. Decrease and the equilibrium quantity will increase.
d. Increase and the equilibrium quantity will decrease.
e. Decrease and the equilibrium quantity will decrease.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Suppose the price of a substitute to lcd televisions rises. What effect will this have on the market equilibrium for lcd tvs? The ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Helmsman Products sells a special type of navigation equipment for $ 1 comma 400. Variable costs are $ 900 per unit.
Answers (1)
The Mixing Department of Healthy FoodsHealthy Foods had 65 comma 00065,000 equivalent units of materials for OctoberOctober.
Answers (1)
At year end, Rebos Company's financial statements showed sales of $820 million, net income of $425 million, total assets of $750 million, total liabilities (including preferred stock) of $735 million, and 1.
Answers (1)
Which of the following is true of good salespeople? Question 1 options: They know how to oversell their product so the customer can't say no. They have tenacity but know when to walk away and move on to the next sales prospect.
Answers (2)
5. Country P has an unemployment rate of. 10, and there are 100,000 unemployed people living in the country. What is the total workforce in Country P?
Answers (1)
New Questions in Business
Compute the average days in inventory ratio using the following information: Net sales is $200,000 for the year, cost of goods sold are $80,000, last year's total assets were $900,000, and this year's total assets are $1,100,000.
Answers (1)
You are the project manager of the BHY Project. Your project customer has demanded that the project becompleted by December 1. December 1 is an example of which one of the following? A. ConstraintB. AssumptionC. Project boundaryD.
Answers (1)
Harrison Recyclers Company uses the indirect method to prepare its statement of cash flows. Refer to the following information for 2017: 1. Retained Earnings, beginning balance, $142,000 2. Retained Earnings, ending balance, $122.000 3.
Answers (1)
Assume that total costs assigned to the setup activity cost pool in March are $120,000 and 100 setups were completed in March. Further, assume that during March machines were setup 20 times to make product X5.
Answers (1)
The accounting cycle starts with a. closing out the periodic accounts. b. recording the transaction based on the information in a source document. c. preparing the financial statements. d. preparing the adjusting entries.
Answers (1)