An Increase in the Number of Buyers in the Market

question 30

Multiple Choice

An increase in the number of buyers in the market for LCD TVs would cause the market demand curve for LCD TVs to:

• A) shift right.
• B) shift left.
• C) stay the same because market demand doesn't depend on the number of buyers.
• D) shift left or right depending on whether the new buyers purchase more or less than existing customers at each price.

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