Saved Bookmarks
| 1. |
Trendz produces both Jeans and Shirts. How will an increase in the price of jeans affect the supply curve of shirts? |
| Answer» SOLUTION : An INCREASE in the price of JEANS will make the production of jeans more attractive. As a result, Trendz will shift its RESOURCES from shirts to jeans. It will shift the SUPPLY curve of shirts towards left. | |