When a new product (e.g., product B) appears on the market, and B can be readily used
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Question:
When a new product (e.g., product "B") appears on the market, and "B" can be readily used to substitute for an existing product (e.g., product "A"), then the demand function for "A" may be expected to _________________.
a). shift inward (leftward)
b). shift outward (rightward)
c). remain unchanged
d). move perfectly vertical
Related Book For
Engineering Economy
ISBN: 978-0132554909
15th edition
Authors: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
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