Positive technological change in the production of LCD televisions caused the price of LCD televisions to fall. Holding everything else constant, how would this affect the market for Blu-ray players (a complement to LCD televisions)

the demand for blu ray will increase and the equilibrium price of blu-ray players would increase.

Explanation:

Complement goods are goods that are consumed together.

If the price of LCDs reduce, demand would increase. This is line with the law of demand.

According to the law of demand, the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.

If the demand for LCD increases, the demand for blu ray will increase. Increase in demand would lead to a rise in price.

1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

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