Suppose it is widely believed that the price of flat-screen, high- definition televisions will be lower next year. What will happen as a result of such beliefs?
A) The demand for flat-screen TVs will increase now.
B) The demand for flat-screen TVs will increase next year when the prices fall.
C) The demand for flat-screen TVs will decrease now.
D) The demand for flat-screen TVs will not change.
Correct Answer:
Verified
Q53: (Figure: Supply Curve) Refer to the figure.
Q55: (Figure: Demand Shift) Refer to the figure.
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A) that limited resources
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