Consider the impact of the following two events in the television market. First, people are using more tablets and fewer television sets. Second, new production techniques decrease the production cost of television sets. What is the effect of these events on the equilibrium price and quantity of television sets? Equilibrium Price Equilibrium Quantity A. Decrease Increase
B. Decrease Decrease or increase
C. Decrease or increase Decrease
D. Increase Decrease or increase
+1
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Consider the impact of the following two events in the television market. First, people are using more tablets and fewer television sets. ...” 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.
Home » Business » Consider the impact of the following two events in the television market. First, people are using more tablets and fewer television sets. Second, new production techniques decrease the production cost of television sets.