Ask Question
16 February, 22:54

Suppose the price of a complement to LCD televisions falls. What effect will this have on the market equilibrium for LCD TVs? The equilibrium price of LCD TVs will

+5
Answers (1)
  1. 16 February, 23:22
    0
    The equilibrium price of the LCD TVs will increase and the equilibrium quantity will increase.

    Explanation:

    When the price of a complement falls, the demand for the good increases so price and quantity increases.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Suppose the price of a complement to LCD televisions falls. What effect will this have on the market equilibrium for LCD TVs? The ...” in 📗 Computers & Technology 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