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?

Answer 1

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

Answer 2

@data_LG2

Answer 3

:) 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?

Answer 4

That's the graph..

Answer 5

@data_LG2

Answer 6

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?