Technological advancements have led to lower prices and an increase in the sale of color laser printers.How does this affect the market for traditional inkjet printers?
A)The demand curve for inkjet printers shifts to the right.
B)The demand curve for inkjet printers shifts to the left.
C)The quantity of inkjet printers demanded increases.
D)The quantity of inkjet printers demanded decreases.

Question

Quizplus · Accepted Answer

The decrease in prices and increased sales of color laser printers make them more attractive to consumers, leading to a decrease in demand for traditional inkjet printers, thus shifting the demand curve to the left.

Technological Advancements Have Led to Lower Prices and an Increase