Ask Question
5 June, 11:37

Suppose people decide they no longer like striped shorts but they love plaid shorts. As a result,

a. supply of striped shorts will decrease and shift to the right.

b. supply of striped shorts will decrease and shift to the left.

c. supply of striped shorts will increase and shift to the left.

d. quantity supplied of striped shorts will decrease.

e. quantity supplied of striped shorts will increase.

+5
Answers (1)
  1. 5 June, 11:53
    0
    The correct answer to the following question is option D) quantity supplied of striped shorts will decrease.

    Explanation:

    Here as people's preference changes from striped shorts to plaid shorts, then the quantity supplied of stripped shorts will decrease and quantity supplied of plaid shorts will increase. Here the supply curve of striped shorts will not decrease because here there has been no increase or decrease in the production cost of shorts due to the change in people's preference, and if there is no change in the production cost of the striped short then how the supply curve would change and that; s why op
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Suppose people decide they no longer like striped shorts but they love plaid shorts. As a result, a. supply of striped shorts will decrease ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers