Multiple Choice
Suppose it is widely believed that the price of flat-screen, high-definition televisions will be lower next year. What will happenas 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.(True Answer ) Correct
D) The demand for flat-screen TVs will not change.
Correct Answer:
Verified
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