Ceteris paribus , which of the following would cause a decrease in the demand for HD TVs, a normal good?

Question

Quizplus · Accepted Answer

A decrease in consumers' income would likely lead to a decrease in the demand for normal goods such as HD TVs, as consumers would have less disposable income to spend on luxury items. Therefore, an increase in income (Choice C) would likely lead to an increase in demand for HD TVs, and a decline in price (Choice A) would also typically lead to an increase in demand. An increase in price (Choice B) would generally lead to a decrease in demand, but this is the opposite of what the question is asking.

Ceteris Paribus , Which of the Following Would Cause a Decrease