Compared to last year, more television sets are being bought while the selling price has risen. This could have caused by: a. an exception to the law of demand. b. an increase in supply. c. an increase in demand. d. a decrease in supply.
Compared to last year, more television sets are being bought while the selling price has risen. This could have caused by: a. an exception to the law of demand. b. an increase in supply. c. an increase in demand. d. a decrease in supply.
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter3: Demand And Supply
Section: Chapter Questions
Problem 54P: The computer market in recent years has seen many more computing sell at much lower prices. What...
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8. Compared to last year, more television sets are being bought while the selling price has risen.
This could have caused by:
a. an exception to the law of demand .
b. an increase in supply.
c. an increase in demand.
d. a decrease in supply.
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