A shift of the demand curve for a good occurs whenever new technologies make inputs used in producing that good available at lower prices.

Name: A shift of the demand curve for a good occurs whenever new technologies make inputs used in producing that good available at lower prices.
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Question

Quizplus · Accepted Answer

A shift in the demand curve is caused by a change in factors such as consumer tastes, income, or demographics. A decrease in input prices would lead to a decrease in the cost of production and a shift in the supply curve.

A Shift of the Demand Curve for a Good Occurs