Final answer:
As the Super Bowl approaches, an increase in demand leads to higher prices and greater quantity of TVs. Expectations for a new better HD TV can lead to a decrease in price and quantity of the current model. An increase in the price of Samsung TVs may increase the demand for Sony TVs and impact their price and quantity. If the cost of parts increases, it can lead to higher prices and lower quantity of TVs.
Step-by-step explanation:
A. As the Super Bowl approaches and people want a bigger TV to watch the game, what happens to the price and quantity of TVs?
When the Super Bowl approaches and people want to watch the game on a bigger TV, the demand for TVs increases. This leads to an increase in both the price and quantity of TVs. Retailers might raise prices due to the increased demand, and they might also stock up on more TVs to meet the higher demand.
B. As consumers expect the new better HD TV to come out, what happens to price and quantity of the current TV model?
When consumers expect a new and better HD TV to come out, it can lead to a decrease in the price and quantity of the current TV model. This is because consumers may choose to wait for the newer model rather than purchasing the current one. Retailers might offer discounts or promotions to encourage consumers to buy the current model and clear their inventory.
C. As the Price of Samsung increases, what happens to the price and quantity of Sony TVs?
If the price of Samsung TVs increases, there could be an impact on the price and quantity of Sony TVs. Some consumers who used to buy Samsung TVs may shift their preference to Sony TVs, leading to an increase in the demand for Sony TVs. As a result, Sony may choose to increase their prices due to the increased demand and adjust their quantity produced accordingly.
D. As parts coming from North Korea cost more money, what happens to the price and quantity of TVs?
If the cost of parts coming from North Korea increases, it can lead to an increase in the price and a decrease in the quantity of TVs. The increased cost of production can be passed on to the consumers, resulting in higher prices. Manufacturers might also choose to produce fewer TVs due to the higher production costs.