The above figures show the market for HD televisions. If the technology used to produce these televisions advances so that productivity increases, which figure shows the effect of this change?
A) Figure A
B) Figure B
C) Figure C
D) Figure D
E) None of the figures represent this change.
C
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Refer to Table 18.1. M2 in this simple economy equals
A) $1,050. B) $4,050. C) $4,550. D) $5,100.
When government runs a budget deficit, it makes up the difference by:
A. issuing government bonds. B. paying down outstanding debt. C. increasing public saving. D. increasing transfer payments.
Changes in relative prices during inflationary periods usually lead to
A. decreases in real income. B. some people gaining real income. C. increases in the purchasing power of money. D. increases in real income.
The quantity of imports will decrease when there is
A) an increase in the real exchange rate. B) a reduction in domestic output. C) a reduction in foreign output. D) all of the above E) none of the above