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Economics - Financial Markets
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A red sleeveless dress has been a fast seller at a clothing store. Which of these might raise the price of the dress?
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A change in fashion season, requiring the store to put the dress out of stock A competitor's product going on sale midway through the season A decrease in sales of the dress during the second half of the season A reduction in the number of dresses available from the manufacturer
A reduction in the number of dresses available from the manufacturer. It's basic supply and demand. If the supply decreases, but the consumer demand remains the same, then the clothing store owners have the ability to raise the price.
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