If the price of the imported TV sets was
$300.00 in the US.At
the beginning of the year, how much...

Question

If the price of the imported TV sets was
$300.00 in the US.At
the beginning of the year, how much would you expectthe price of the same imported TV to be
in the US at the end of the year.

By how much would the quantity demanded
of imported TV setsin the US change as a result of the
change in price only?

By how much would the demand for imported
TV sets inthe US change as a result of the increase
in consumer income alone?

By how much would the demand for imported
TV sets in the USchange as a result of both the change in
price and in incomes

David · Accepted Answer

If the price of the imported TV sets was $300.00 in the US. At the beginning of the year, how much would you expect the price of the same imported TV to be in the US at the end of the year 
By how much would the quantity demanded of imported TV sets in the US change as a result of the change in price only? 
By how much would the demand for imported TV sets in the US change as a result of the increase in consumer income alone? 
By how much would the demand for imported TV sets in the US change as a result of both the change in price and in incomes
Solution: Computation of the following 
Suppose that during a given year: 
(1) the price of TV sets raise by 4 percent in Japan,

If the price of the imported TV sets was $300.00 in the US.At the beginning of the year, how much would you expectthe price of the same imported TV to be in the US at the end of the year. By how much...

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