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Category > Economics Posted 27 May 2017 My Price 6.00

Smart TVs, unlike traditional TVs, can connect directly to the Internet.

 

1.8 Smart TVs, unlike traditional TVs, can connect directly to the Internet. Smart TVs made up 27 percent of all televisions sold worldwide in 2012.

a. Should smart TVs be considered a substitute good for smartphones? Briefly explain.

b. If smart TVs are a substitute for smartphones, how would a decline in the price of smart TVs affect the demand curve for smartphones? Include a graph in your answer.

Source: Greg Tarr, “Smart TVs Rise to 27% of TV Shipments,” www .twice.com, February 21, 2013.

 

 

 
 

Answers

Alpha Geek
(8)
Status NEW Posted 27 May 2017 02:05 PM My Price 6.00

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