In 2014, the total number of refrigerators demanded was 280,000 units at $200 per unit. The following year, this number increased to 300,000 units at the same price. Which of the following events could be a potential reason for the increase in demand? (Note: More than one option may be correct.) An increase in the price of laptops A fall in the price of electricity due to government subsidies The expectation that the cost of electronics will increase in the future due to new tax policies
In 2014, the total number of refrigerators demanded was 280,000 units at $200 per unit. The following year, this number increased to 300,000 units at the same price. Which of the following events could be a potential reason for the increase in demand? (Note: More than one option may be correct.) An increase in the price of laptops A fall in the price of electricity due to government subsidies The expectation that the cost of electronics will increase in the future due to new tax policies
Chapter1: Making Economics Decisions
Section: Chapter Questions
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In 2014, the total number of refrigerators demanded was 280,000 units at $200 per unit. The following year, this number increased to 300,000 units at the same price . Which of the following events could be a potential reason for the increase in demand ? (Note: More than one option may be correct.)
An increase in the price of laptops
A fall in the price of electricity due to government subsidies
The expectation that the cost of electronics will increase in the future due to new tax policies
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