Question

In: Economics

(75)Which of the following will not shift the demand curve for flat screen televisions? (a)An increase...

(75)Which of the following will not shift the demand curve for flat screen televisions?

(a)An increase in consumers’ income

(b)A decrease in the price of flat screen TVs

(c)An increase in the price of radios, a substitute for flat screen TVs

(d)An increase in the price of cable service, a complementary service for flat screen TVs

(76)When firms advertise their products, they are attempting to:

(a)Shift the supply curve of the product to the right

(b)Shift the demand curve of the product to the left

(c)Shift the supply curve of the product to the left

(d)None of the above

Expert Solution

75.

Since the law of demand stats that there is an inverse relationship between price and quantity demanded and other factors which affect the demand remains same.

Hence the demand curve of the flat screen TV will shift due to change in the factors other than its own price.

The curve shifts due to change in the income, price of related goods and change in the taste and preferences of the consumers.

Since price of the flat screen TV will not shift the demand curve of it but there will be movement along the demand curve.

Hence option b is the correct answer.

76.

Since when any firm adertise about their product, then their main motive is to increase the demand for their product and so the demand curve of the product shifts rightward due to advertisement.

When firms advertise their products, they are attempting to Shift the demand curve of the product to the right.

But this is not given in any options.

Hence option d is the correct answer.

Rahul Sunny answered 1 year ago

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