Assume the graph shown represents the market for button-up shirts and was originally in equilibrium where demand (D) and supply (S) intersect. What type of shock might cause the demand curve to shift to D2?
A) An increase in the price of buttons
B) An increase in the price of ties
C) An increase in the price of sweatshirts
D) An increase in consumers' incomes
Correct Answer:
Verified
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