As the price of high-definition televisions has fallen over the last two years, more high- definition televisions have been sold by consumer electronics firms. Does this situation represent a violation of the law of supply?

As the price of high-definition televisions has fallen over the last two years, more high- definition televisions have been sold by consumer electronics firms. Does this situation represent a violation of the law of supply?

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter3: Supply And Demand: Theory

Section3.3: The Market: Putting Supply And Demand Together

Problem 2ST

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Question

As the price of high-definition televisions has
fallen over the last two years, more high-
definition televisions have been sold by
consumer electronics firms. Does this situation
represent a violation of the law of supply?

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