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?

Increased demand and no change in supply
Decreased demand and increased supply
Increased supply alone
Decreased demand alone

Question

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?

 Increased demand and no change in supply
 Decreased demand and increased supply
 Increased supply alone
 Decreased demand alone

anonymous · Answer

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uh60blackhawk · Answer

If we have increase in demand but not supply the price of the object will increase.