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Question: Electronics makers, such as Apple, Samsung, and Sony, are the buyers of Sharp's display panels. Consider the data for sharp's LCD and LED panels from 2011 to 2016. Do the data show that Sharp's LCD and LED panels were substitutes in consumption for electronics makers during this time period and why?

A. No. As the price of LCD panels decreased, the supply of LCD panels decreased.

B. No. As the price of LED panels decreased, the LCD panels market did not attain equilibrium.

C. Yes. As the price of LCD panels decreased, the price of LED panels decreased and the quantity of LED panels increased.

D. Yes. As the price of LED panels decreased, the price and quantity of LCD panels decreased.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M92585076

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