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 demand curve for traditional cameras shifts to the left.
C) The supply curve for traditional cameras shifts to the left.
D) The supply curve for traditional cameras shifts to the right.
B
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In the Keynesian model, a short-run increase in investment spending will shift the aggregate
A) supply curve to the left. B) supply curve to the right. C) demand curve to the left. D) demand curve to the right.
Human wants:
a. are unfilled only in the poorer countries of the world. b. can be completely satisfied by advancing technology. c. can never be fully satisfied. d. only apply to necessities. e. exist only if we are selfish.
Which of the following is an asset on the balance sheet of the Bank of Canada?
What will be an ideal response?
Differentiate between a normal (superior) and an inferior good
Please provide the best answer for the statement.