What Effect Will Each of the Following Have Upon the Supply

question 45

Essay

What effect will each of the following have upon the supply of television sets? Explain your reasoning in each case.(a) an increase in the price of electronic equipment used in producing television sets
(b) a decline in the number of firms producing television sets
(c) a large new tariff on imported Japanese TV sets
(d) new inexpensive satellite dishes which make televisions more popular among consumers

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Definitions:

Determining

The process of establishing the key factors, causes, or outcomes of a given scenario or problem.

Thinking

Thinking is the process of considering or reasoning about something, involving mental activity to form ideas, judgements, or solve problems.

Organizing

The process of structuring and arranging resources and tasks to achieve objectives, often involving the coordination of activities and allocation of resources within an organization.

Pretending

The act of giving a false appearance or pretending to possess certain qualities or characteristics.