Business, 23.01.2020 20:31 alexialoredo625

Positive technological change in the production of lcd televisions caused the price of lcd televisions to fall. holding everything else constant, how would this affect the market for blu-ray players (a complement to lcd televisions)?

a. the demand for blu-ray players would increase and the equilibrium price of blu-ray players would increase.
b. the demand for blu-ray players would increase and the equilibrium price of blu-ray players would decrease.
c. the demand for blu-ray players would decrease because consumers could afford to buy fewer lcd televisions and blu-ray players.
d. the supply of blu-ray players would increase and the equilibrium price of blu-ray players would decrease.

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