A market for a product exists.The price elasticity of market demand for the product is 1.5, and the income elasticity of market demand for the product is 0.5.During the initial time period the market price for the product is $84 per unit, and the number of units purchased is 126 thousand units.During the next time period the market price for the product is $74 per unit, and the number of units purchased is 141 thousand units.

Statement to evaluate:Between the initial time period and the next time period, the market demand curve shifted to the right.