Suppose the price of a substitute to lcd televisions rises. What effect will this have on the market equilibrium for lcd tvs? The equilibrium price of lcd tvs will
a. Increase and the equilibrium quantity will increase.
b. Not change and the equilibrium quantity will not change.
c. Decrease and the equilibrium quantity will increase.
d. Increase and the equilibrium quantity will decrease.
e. Decrease and the equilibrium quantity will decrease.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Suppose the price of a substitute to lcd televisions rises. What effect will this have on the market equilibrium for lcd tvs? The ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
What money laundering means?
Answers (1)
Japan has increased the price of rice imported from the united states through a tax on american rice. this is a form of
Answers (1)
The material most often associated with the process of "casting" is:
Answers (1)
When different invest Assume Evco, Inc. has a current stock price of $ 50.00 and will pay a $ 2.00 dividend in one year; its equity cost of capital is 15 %.
Answers (1)
You expect that an investment could gain or lose as much as 20% in a year. Your investment is $5,000. What is the lowest value you expect at the end of the year?
Answers (1)
New Questions in Business
In which of the following cases will the effect on equilibrium output be indeterminate (i. e., depend on the magnitudes of the shifts in supply and demand) ? a. Demand increases and supply increases b. Demand decreases and supply decreases c.
Answers (1)
One of your fellow investment adviser representatives (iar) at your firm recently came to you and asked for a loan. you couldn't afford to give him the loan, but two days later you overheard him on the phone asking a client for the same loan.
Answers (1)
David likes new balance running shoes. however, when he stopped by the foot locker to buy a new pair of running shoes, he noticed that nike had a new pair of running shoes that cost $350.
Answers (1)
Waterway Corporation purchased a new machine for its assembly process on August 1, 2020. The cost of this machine was $162,900. The company estimated that the machine would have a salvage value of $18,900 at the end of its service life.
Answers (1)
Emarson & Slater Inc. had materials inventory of $13,200 on July 1. The materials inventory on July 31 was $16,500, and the cost of direct materials used in production during the month was $22,000.
Answers (1)