Technological Advances Have Resulted in Lower Prices for High Quality

question 174

Multiple Choice

Technological advances have resulted in lower prices for high quality mobile phone cameras. What is the impact of this on the market for digital cameras?

• A)The demand curve for digital cameras shifts to the right.
• B)The supply curve for digital cameras shifts to the right.
• C)The demand curve for digital cameras shifts to the left.
• D)The supply curve for digital cameras shifts to the left.

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