An Increase in the Number of Buyers in the Market

question 6

Multiple Choice

An increase in the number of buyers in the market for LED TVs would cause the market demand curve for LED 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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Definitions:

Transition Ideas

The process of evolving or changing from one state, stage, or concept to another.

Methodology Section

A comprehensive part of a research paper or report that outlines the methods used to conduct the research.

Subjects

Individuals or entities being observed or studied in research or experiments.

Survivors

Individuals who have lived through a disease, trauma, or significant hardship and are often the focus of research or support services.