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Title: Suppose that in 2011, 4 million plasma TVs were purchased at $950 each, while in 2012, 3 million ...
Post by: nguyenduong67 on Aug 28, 2017
Suppose that in 2011, 4 million plasma TVs were purchased at $950 each, while in 2012, 3 million plasma TVs were purchased at $800 each. What might have caused this change?
A) Plasma TV manufacturing technology decreased.
B) Plasma TV manufacturing technology increased.
C) The price of LCD TVs (a substitute for plasma TVs) rose.
D) The price of LCD TVs (a substitute for plasma TVs) fell.


Title: Re: Suppose that in 2011, 4 million plasma TVs were purchased at $950 each, while in 2012, 3 million ...
Post by: tristion on Aug 28, 2017
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