Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter4: Demand, Supply, And Market Equilibrium
Section: Chapter Questions
Problem 8P
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As more people buy televisions, the demand for Cable services increases and
the price of Cable services decreases. The fall in the price of Cable service
decreases the supply of Cable service.” Explain what is wrong with this
statement.

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