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According to an article in the Wall Street Journal the price of flat-screen televisions fell between 2001 and 2004 from more than $8,000 to about $3,000

According to an article in the Wall Street Journal the price of flat-screen televisions fell between 2001 and 2004 from more than $8,000 to about $3,000. During that period Sharp, Matsushita Electric Industrial, and Samsung all began producing flat-screen televisions. Use a demand and supply graph to explain what happened to the quantity of flat-screen televisions sold during this period.   (You must discuss price, quantity, demand, and supply to be considered for full credit) 20 points.

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