Final answer:
An improvement in technology that reduces the cost of production will increase the supply of LCD TVs but will not increase the demand for LCD TVs.
Step-by-step explanation:
An improvement in technology that reduces the cost of production will increase the supply of LCD TVs. This means that more LCD TVs will be available in the market at any given price. However, it will not increase the demand for LCD TVs. Demand is determined by factors such as consumer preferences, income, and advertising.