Suppose Televisions Are a Normal Good and Buyers of Televisions

question 80

Multiple Choice

Suppose televisions are a normal good and buyers of televisions experience a decrease in income. As a result, consumer surplus in the television market

• A)decreases.
• B)is unchanged.
• C)increases.
• D)may increase, decrease, or remain unchanged.

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Definitions:

Soviet Communism

A form of government and ideology based on the theories of Karl Marx and Vladimir Lenin that was practiced in the Soviet Union, characterized by state control of the economy and a one-party totalitarian regime.

George F. Kennan

An American diplomat and historian recognized for his influential role in establishing the U.S. policy of containment during the Cold War.

Journal Foreign Affairs

A leading publication focused on international relations, foreign policy, and significant global issues.

Impervious

Not allowing fluid to pass through; unable to be affected or penetrated.