Question

Over time, some goods change from being a normal good to an inferior good, or from being an inferior good to a normal good. One example is a CRT television, also known as a tube television. In the 1980s, households with more income usually purchased CRT TVs. Today, more CRT TVs are purchased by households with less income. What has happened to CRT TVs? Choose one: 0 A CRT TVs have become obsolete. B. A CRT TV has become an inferior good because people buy more of this type of TV when they have lower incomes. C. ACRTTV has become a normal good because buyers now believe it to be of a lower quality than other types of TV D. ACRTTV has become an inferior good because as consumers gain more purchasing power, they purchase more of the product.

Answer 1

A CRT TVs have become obsolete

Step-by-step explanation:

The technology advances made good move from luxury ( on release date), to normal(after a few years in the market) to inferior when led technology. Thus, people with a normal income will not purchase the even for a lower price. They are only purchases when the income is low and cannot afford for a current era TV.

This is not a believe of the customer as there are a look of features the CRT TV doesn't have in comparrison with new TV Also, is important to notice they are no longer manufactured which another reason to declare it obsolete.