An increase in the price of electricity will: a) increase the demand for kerosene heaters. b) increase the demand for light bulbs. c) increase the demand for stereos. d) increase the demand for TVs.

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Chapter6: Consumer Choices
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Problem 17P: If a 10 decrease in the price of one product that you buy causes an 8 increase in quantity demanded...
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48. An increase in the price of electricity will: a) increase the demand for kerosene heaters. b) increase the demand for light bulbs. c) increase the demand for stereos. d) increase the demand for TVs.
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