O-LevelEconomicsThe allocation of resources2281/11 · May/June 2011 · Q81 Mark
The table shows the changes in two influences on the demand for and supply of televisions. [Table] If these two changes occurred at the same time, in which case is it impossible for the price of televisions to rise?
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Aconsumers' incomes fall, costs of production fall
Bconsumers' incomes fall, costs of production rise
Cconsumers' incomes rise, costs of production fall
Dconsumers' incomes rise, costs of production rise
✓ Correct answer
A: consumers' incomes fall, costs of production fall
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