STEP 2: Which rule explains the reason for the curve shift you selected in step #1? Change in income. Change in the price of a related good. Change in consumer expectations. Change in consumer tastes or preferences. Change in transactions costs (demand side). Change in the number of demanders/population. Change in the price of an input required for production. Change in technology. Change in government regulation or taxation. Change in transaction costs (supply side). Change in the number of producers/firms.
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