Question: A decrease in consumer income decreases the demand for compact discs. As a result of the change to a new equilibrium, there is a (an)

A decrease in consumer income decreases the demand for compact discs. As a result of the change to a new equilibrium, there is a (an)

a. leftward shift of the supply curve.

b. rightward shift of the supply curve.

c. upward movement along the supply curve.

d. downward movement along the supply curve.

Causation Chain Game The Effects of Shifts in Demand on Market Equilibrium—Exhibit 1

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