anonymous
  • anonymous
The price (P) of designer jeans is affected by the supply (S) and the demand (D). Which of these can cause an increase in the price of designer jeans?
Economics - Financial Markets
  • Stacey Warren - Expert brainly.com
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SOLVED
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katieb
  • katieb
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anonymous
  • anonymous
Increased demand and no change in supply Decreased demand and increased supply Increased supply alone Decreased demand alone
anonymous
  • anonymous
@data_LG2
anonymous
  • anonymous
:) People usually increase the price when more and more consumers buy the product. When consumers buy a product it is called the demand. So from which of your choices do you think is right?

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anonymous
  • anonymous
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anonymous
  • anonymous
That's the graph..
anonymous
  • anonymous
@data_LG2
anonymous
  • anonymous
Like I explained above, the graph shows that there is a \(\sf \text{positive shift}\) in the Demand (illustrated by D1 to D2) , which also results in an \(\sf \text{increase}\) in Price (P) and the quantity of the products that are sold (Q) . What do you think this means?

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