Over the past decades, nearly a million quasars have been explored to shed light on the evolution of supermassive black holes and galaxies. The ultraviolet-to-optical spectra of type-1 quasars particularly offer insights into their black hole activities. Recent findings, however, raise questions about the prevalence of red type-1 quasars of which colors might be due to dust obscuration and their potential influence on luminosity-related properties of quasars. We examine the fraction of red type-1 quasars within the redshift range of 0.68 ≤ z < 2.20, applying a spectral energy distribution (SED) fitting using optical-to-mid-infrared (MIR) photometric data of Sloan Digital Sky Survey Data Release 14 quasars. Approximately 10% of the type-1 quasars exhibit red colors suggestive of dust obscuration. There is an association between the brightness of the MIR luminosity and a higher fraction of red type-1 quasars, albeit with negligible redshift evolution. By employing E(B − V) values from the SED fitting, we obtained dereddened luminosity of the red type-1 quasars and reassess the quasar luminosity function (QLF) and black hole mass (M BH) estimates. Result shows a modest increase in the number density of bright quasars, linking to more flatten bright-end slope of QLFs, while M BH adjustments are minimal. Current SDSS selections with optical colors could miss a significant population of heavily dust-obscured quasars. As future MIR surveys like Spectro-Photometer for the History of the Universe, Epoch of Reionization, and Ices Explorer expand, they may reveal enough obscured quasars to prompt a more profound revision of fundamental quasar properties.
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