Consider the market for jeans. An increase in the price of cotton will: A. increase the...
Consider the market for jeans. An increase in the price of
cotton will:
A. increase the supply of jeans. B. increase the quantity supplied
of jeans. C. decrease the demand for cotton jeans. D. decrease the
supply of jeans.
Homework Answers
Since price of cotton increase and cotton is an inputs in the production of jeans. Hence with the increase in the price of cotton, the cost of production of jeans increase, so profitablity of the firm decrease. Hence firm production decrease, so there will be a decrease in the supply of jeans.
Hence option D is the correct answer.
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Consider the market for jeans. An increase in the price of
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questions 20
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questions 20
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