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Shifts in the Demand Curve
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Shifts in the Demand Curve
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3. The Market Forces of Supply and Demand / Shifts in the Demand Curve / Problem 8
Problem 8
If a product becomes outdated due to technological advancements, what is the likely effect on its demand curve?
A
The demand curve will shift to the right.
B
The supply curve will shift to the left.
C
There will be no change in the demand curve.
D
The demand curve will shift to the left.
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