Question

/portal/site/MAU 47 101 20 1 930/tool/30722679-ba57-42b-a52d-e7a32e4006cdjtidelivery/delnerAssessment#p1q4 When the supply of HDTVs increases, ceteris paribus, the equilibrium price will decrease because: O A. A shortage exists at the old equilibrium price. O B. A surplus exists at the old equilibrium price. OC. The quantity demanded has increased OD. The quantity supplied has decreased Mark for Review What's This? Question 5 of 20 0 25 Points Which of the following statements about markets is true? O A. Every market has a physical location. O B. Every market has either a demand side or a supply side but not both. OC. Every market transaction involves an exchange of dollars D. Factors of production are traded in every market

Answer 1

When supply of HDTV increases , the equilibrium price will decrease because

B . A surplus exsist at old equilibrium price.

at intial price the supply has increased that means supply curve has shifted rightwards . At exsisting price level Demand < Supply due to which price falls.