Suppose Jack Weldon Came Up with a Novel Idea of Making

Multiple Choice

Suppose Jack Weldon came up with a novel idea of making lamps out of recycled automobile tires. His firm, No-Skid Lamps, works three shifts a day trying to keep up with demand. Attracted by its success, other firms copy the idea and produce similar lamps. As a result, No-Skid Lamps' demand curve

A) shifts to the right and becomes more inelastic
B) shifts to the right and becomes more elastic
C) shifts to the left and becomes more inelastic
D) shifts to the left and becomes more elastic
E) stays the same