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Technological Advances Have Resulted in Lower Prices for Digital Cameras

Question 22

Multiple Choice
Technological advances have resulted in lower prices for digital cameras.What is the impact of this on the market for traditional (non-digital)cameras? A)The demand curve for traditional cameras shifts to the right. B)The supply curve for traditional cameras shifts to the right. C)The demand curve for traditional cameras shifts to the left. D)The supply curve for traditional cameras shifts to the left.

Technological advances have resulted in lower prices for digital cameras.What is the impact of this on the market for traditional (non-digital) cameras?


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

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