Kaitlyn Walker

History

8 September, 16:32

Company 1 has a market share of over fifty percent of the basketball shoe market. The rest of the market is divided between several companies, including Company 2. Recently, Company 2 signed several popular athletes to five-year endorsement deals. Which graph illustrates the likely change in consumer demand for Company 2's basketball shoes over the next five years?

A an increase in supply

B a decrease in supply

C an increase in demand

D a decrease in demand

E an increase in equilibrium price

Fa decrease in equilibrium price