Business, 12.02.2020 02:26, angelica9613

Suppose that Techno TV produces LCD televisions. At a price of $2,000 per television, Techno determines that its optimal output is 3,000 television sets per week. If prices are sticky and fears of a recession reduce demand for LCD televisions, we would expect Techno to .a. raise prices in the short run to compensate for lost revenue. b. reduce output in the short run. c. reduce output in the long run. d. lower prices in the short run to offset the reduced demand

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