19) Suppose all prices increase by 10 percent in the year while the total sales of HDTVs remain constant. This isA) a violation of the law of demand since fewer HDTVs should be purchased at a higher price. B) a violation of the law of demand since more HDTVs should have been purchased with higher incomes. C) not a violation of the law of demand since the relative price of HDTVs did not change. D) not a violation of the law of demand since the law of demand does not apply to expensive goods like HDTVs.
This question was answered on: May 23, 2022
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