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.

Macroeconomics
13th Edition
ISBN:9781337617390
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter3: Supply And Demand: Theory
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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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