Which of the following best describes the influence of successful advertising on the market for aspirin?
A) The market demand curve shifts to the right, creating a shortage at the original equilibrium price.
B) Individuals’ demand curves shift to the right, but the market demand curve remains at its original position.
C) The market supply curve shifts to the right, creating a surplus at the original equilibrium price.
D) The market supply curve for aspirin shifts to the right, causing equilibrium price to decrease.
ANSWER
A
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