If the Demand for High Definition Televisions Increases and the Supply

question 8

Multiple Choice

If the demand for high definition televisions increases and the supply of high definition televisions increases,then

• A) it is clear that prices will increase; the change in the quantity of televisions sold is ambiguous.
• B) it is clear that prices will decrease; the change in the quantity of televisions sold is ambiguous.
• C) it is clear that quantity sold will increase; the change in the price of televisions is ambiguous.
• D) it is clear that quantity sold will decrease; the change in the price of televisions is ambiguous.

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Definitions:

Explanations

Detailed accounts or statements clarifying or justifying something.

Journal

A detailed record where financial transactions are entered initially, in chronological order, before being posted to accounts.

Indented

A term not typically used in a financial or accounting context; it often refers to a formatting style where text is moved to the right from the margin of a document.

Withdrawals

Withdrawals refer to the amounts of money or other assets taken from a business by its owner(s) for personal use.