Choose the letter of the diagram in Figure 3.1 that best describes the type of shift that would occur in each situation for the market listed on the left, ceteris paribus. Figure 3.1 Shifts of Supply and Demand Flat-screen TVs: the technology required for flat-screen TVs production becomes cheaper.

A)A
B)B.
C)C.
D)D.

Question

Choose the letter of the diagram in Figure 3.1 that best describes the type of shift that would occur in each situation for the market listed on the left, ceteris paribus. Figure 3.1 Shifts of Supply and Demand Flat-screen TVs: the technology required for flat-screen TVs production becomes cheaper.
 
A)A 
B)B. 
C)C. 
D)D.

Quizplus · Accepted Answer

The shift in the market for flat-screen TVs due to a decrease in production costs would result in an increase in supply, which is represented by a rightward shift of the supply curve, as shown in diagram B.

Choose the Letter of the Diagram in Figure 3