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Class 12 Business Studies Business Environment Technological environmentHard

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Which example shows technological environment shifting demand from one product to its substitute?

Answer and explanation

Correct answer: Demand for paper maps falls due to online maps

A digital substitute can reduce demand for an old physical product. In exams, link technological substitutes with demand shift.

Related tags

Business-Environment Technological-Environment Hard Class-12 Technological Environment Business Environment Business Studies Class 12 Mcq

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