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How do changes in consumer preferences, driven by cultural shifts, impact the Engel curve for a specific good, and what long-term implications might this have for producers? Choose only ONE best answer. Consumer preferences do not impact the Engel curve. Shifts in preferences can change the slope of the Engel curve, indicating changes in the income elasticity of demand, which can lead producers to adjust their product lines and marketing strategies. Changes in preferences will shift the Engel curve downward, decreasing demand ie] =mete Lele Preferences only impact short-term demand and do not affect the Engel curve