Answer to Question #24577 in Microeconomics for saad
A. P* up, Q* down
B. P* up, Q* up
C. P* down, Q* down
D. P* down, Q* up
E. A movement to the right along the demand curve.
Changes in tastes and preferences change demand. Current trends and fads affect demand for specific goods as well. Because of this, businesses may try to shape opinion through advertising.
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