Refer to the information provided in Figure 3.11 below to answer the following question(s) . 
Figure 3.11
-Refer to Figure 3.11. A decrease in quantity supplied is represented by a movement from
Definitions:
New Products
Items that a company offers to the market for the first time, ranging from entirely new inventions to updates or modifications of existing products.
Product Launch
A product launch refers to the process of introducing a new product into the market, involving a series of promotional activities designed to generate awareness and interest among potential customers.
Political Office
A position of authority within a government organization that is acquired through an electoral process or appointment.
Diffusion
The method in which a new idea is spread via specific channels over a period among individuals within a social system.
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