Multiple Choice
The NEWSWIRE article in the text titled "Flat Panels,Thin Margins" says that the prices for flat-panel TVs are falling.Which of the following is a likely reason why prices are decreasing?
A) Market supply has shifted to the left because more firms have entered the market.
B) Market supply has shifted to the right because more firms have entered the market.
C) Firms have exited the market because profits were low.
D) The government decided to regulate the market and it established a price floor.
Correct Answer:
Verified
Correct Answer:
Verified
Q7: The NEWSWIRE article in the text is
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