Question

Sony has sold the same number of television sets each month for almost a year. However, in one month that number suddenly doubled while other brands did not have increased sales. Which of the following is the MOST LIKELY explanation for this increase in quantity demanded? A. Increased prices of Sony televisions resulted in an increase in the quantity demanded. B. Other brands had poor color reception. C. Reduced prices of Sony televisions resulted in an increase in the quantity demanded. D. Government regulations forced an increase in the demand for major brands.

Answer 1

Answer:

C. Reduced prices of Sony televisions resulted in an increase in the quantity demanded.

Explanation:

Sony is a well known brand . What could explain a sudden double increase in sales while other brands' didn't is most likely a reduction in in prices of Sony products. It is a well known brand and they sell quality products which customers trust. Having a discounted price means they are offering a sale which customers would want to take advantage of.