If the price of the imported TV sets was $300.00 in the US.At the beginning of the year, how much would you expect the price of the same imported TV to be in the US at the end of the year.
By how much would the quantity demanded of imported TV sets in the US change as a result of the change in price only?
By how much would the demand for imported TV sets in the US change as a result of the increase in consumer income alone?
By how much would the demand for imported TV sets in the US change as a result of both the change in price and in incomes