(Figure: Shift in Demand 1) Use the figure to answer the question.
Which of the following market changes would lead to a shift of the demand curve from Old demand to New demand?
A) A technological improvement in the production of the product.
B) A lower cost of production for the product.
C) More sellers in the market.
D) Increase in popularity of the product by buyers.
Correct Answer:
Verified
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