Ceteris Paribus , Which of the Following Would Cause a Decrease

question 64

Multiple Choice

Ceteris paribus , which of the following would cause a decrease in the demand for HD TVs, a normal good?

• A) decline in the price of HD TVs.
• B) increase in the price of HD TVs.
• C) increase in consumers' income.
• D) decrease in consumers' income.

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Definitions:

Entrepreneurs

People who initiate, manage, and assume the risks of starting a new business venture.

Opportunity

A set of circumstances that makes it possible to do something, often used in the context of business to denote a chance for progress or profit.

Business Owners

Individuals who own and have invested resources in a business, responsible for strategic decision-making and managing operations.

Large Sums

Considerable amounts of money, often involved in financial transactions or investments.