Question

Demand Quantity of Televisions Suppose that a technological advance among Japanese television manufacturers causes the world price of televisions to fall by $100. After the fall in price, consumers buy 1.2 million televisions, of which 200,000 are produced domestically and 1 million are imported. Because the United States imports televisions, P2represents the world price before the technological advance, and P world price after the technological advance represents the Given the previous information, determine the values for each of the quantities found on the previous graph and enter them into the following table. Quantity of Televisions 01 Q2 2s Grade Step 1 TOTAL SCORE: 0/5 lo complle Eis slep and unlock the neat slep) Grade It Now Continue without saving Session Timeout Copyright Notices Terms of Use Privacy NoticeSecurity Notice Accessibility 50:32

Answer 1

of Tv Uppu P2 p emand 200 400 000 200 TYs m Because e ar a tecimalsgicel ashane At P2. , clovne sti c cl crn and (e,3)= million-TVS-|000,000 Domestic supp (a At Pmestic alemand (4 1200,000 anned clone stic suppx(G,) 200,000 mome : 400,000 auantí 01 TVs GI 200,00C 2 400, Goo 31000,000 4 1200,000