Technological advancements have led to lower prices and an increase in the sale of digital cameras.How does this affect the digital photo printing paper market?
A)The demand curve for digital photo printing paper shifts to the right.
B)The demand curve for digital photo printing paper shifts to the left.
C)The supply curve for digital photo printing paper shifts to the right.
D)The supply curve for digital photo printing paper shifts to the left.

Question

Quizplus · Accepted Answer

As digital cameras become more affordable and their sales increase, more people are likely to print digital photos, leading to an increase in demand for digital photo printing paper, thus shifting the demand curve to the right.

Technological Advancements Have Led to Lower Prices and an Increase