Multiple Choice
Technological advances have resulted in lower prices for smart watches. What is the impact of this on the market for traditional watches?
A) The demand curve for traditional watches shifts to the right.
B) The supply curve for traditional watches shifts to the right.
C) The demand curve for traditional watches shifts to the left.
D) The supply curve for traditional watches shifts to the left.
Correct Answer:
Verified
Correct Answer:
Verified
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