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On the First Day of School, Jackie Notices Many of Her

Question 57

Multiple Choice

On the first day of school, Jackie notices many of her classmates are wearing Converse sneakers. Ever the fashionista, this will likely affect:


A) Jackie's income, as she will now buy Converse sneakers and will have less to spend on other goods.
B) Jackie's preferences for Converse sneakers, since she feels as though she needs them now.
C) Jackie's expectations of future prices, since the price of Converse sneakers will likely increase due to their popularity.
D) the prices of related goods, since other sneakers will be less popular and thus their prices will decrease.

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