Multiple Choice
As the price of jeans rises, manufacturers that make and sell jeans are likely to
A) decrease production and thus decrease the supply.
B) increase production and thus increase the supply.
C) do nothing to influence the available supply of jeans.
D) discontinue producing jeans in favour of a different product.
E) increase production to influence the demand for jeans.
Correct Answer:
Verified
Correct Answer:
Verified
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