A reduction in the cost of cable TV subscriptions will ________ the ________ for televisions
A) decrease; supply
B) decrease; demand
C) increase; supply
D) increase; demand
E) None of the above is correct.
Answer: D) increase; demand
You might also like to view...
What does it mean for a country to have a comparative advantage in producing a product?
What will be an ideal response?
In what way do developing countries make the largest contribution to the global concentrations of greenhouse gases?
(a) vehicle emissions. (b) deforestation. (c) mining. (d) irrigation.
Understanding how individual sectors of the economy will respond to changes in key economic variables gives us a better understanding of how the macroeconomy behaves
Indicate whether the statement is true or false
Movie theaters are able to offer discounts to senior citizens because:
a. the elderly deserve lower prices because of their contributions to society. b. senior citizens have the most inelastic demand. c. theaters can separate senior citizens from other customers, and it is easier to prevent resale. d. senior citizens cannot see the movie very well because of poor eyesight. e. senior citizens are frequent visitors to the movie theaters.