Describe how each of the following will affect the demand for television sets a) a rise in incomes ( assuming televisions are considered to be normal good.) b) A higher expected future prices for television sets. c) Olympic is starting in next month, and the nation is crazy to watch Olympics.
Describe how each of the following will affect the demand for television sets a) a rise in incomes ( assuming televisions are considered to be normal good.) b) A higher expected future prices for television sets. c) Olympic is starting in next month, and the nation is crazy to watch Olympics.
Chapter3: Supply And Demand: Theory
Section: Chapter Questions
Problem 19QP
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Describe how each of the following will affect the demand for television sets
a) a rise in incomes ( assuming televisions are considered to be normal good.)
b) A higher expected future prices for television sets.
c) Olympic is starting in next month, and the nation is crazy to watch Olympics.
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