Technological advancements have led to lower prices and an increase in sales of colour laser printers.How will this affect the market for laser printer toner cartridges?
A)The demand curve for laser printer toner cartridges will shift to the right.
B)The demand curve for laser printer toner cartridges will shift to the left.
C)The quantity of laser printer toner cartridges demanded will increase.
D)The quantity of laser printer toner cartridges demanded will decrease.

Question

Quizplus · Accepted Answer

The decrease in prices and increase in sales of color laser printers will lead to more people owning these printers, which in turn increases the demand for toner cartridges, shifting the demand curve to the right.

Technological Advancements Have Led to Lower Prices and an Increase