Economy, asked by bindeshmishra49816, 8 months ago

A new steel plant come up in uttar Pradesh .many people who where today previously unemployed in the area are now employed. how will this affect demand curve for TV

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Answered by vinilvanshika15

Explanation:

The demand curve of B.W.TV will shift towards left (being an inferior good) as increase in income of the people due to employment will induce the people to shift from B.W. TV to Colour TV. On the other hand, demand curve of Colour TV will shift towards right (being a normal good) as increase in income will increase its demand.

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A new steel plant come up in uttar Pradesh .many people who where today previously unemployed in the area are now employed. how will this affect demand curve for TV​

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A new steel plant come up in uttar Pradesh .many people who where today previously unemployed in the area are now employed. how will this affect demand curve for TV