Assume the graph shown represents the market for button-up shirts and was originally in equilibrium with D and S.What type of shock might cause a shift from D to D2?
Definitions:
Inattentional Blindness
The phenomenon where an individual fails to perceive an unexpected stimulus that is in plain sight, due to the attention being focused on another task or aspect of their environment.
Inattentional Blindness
The phenomenon where an individual fails to notice a fully visible, but unexpected object because their attention was engaged on another task, event, or object.
Absolute Threshold
The minimum intensity of a stimulus that can be detected by a person's senses at least 50% of the time.
Difference Threshold
The smallest amount by which a stimulus can be changed and the difference be detected half the time, also known as the just noticeable difference.
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