Ask Question
16 April, 11:37

In the market for jeans, which of the following events increases the demand for a pair of jeans? A. The price of denim cloth falls B. The price of a denim skirt (a substitute for jeans) rises. C. New technology reduces the time it takes to make a pair of jeans. D. The wage rate paid to garment workers rises.

+5
Answers (1)
  1. 16 April, 12:14
    0
    hence option B is correct

    Explanation:

    In the market for jeans, of the following events increases the demand for a pair of jeans, when the prize of the denim falls the operation cost will reduce which will increase the supply not the demand.

    The rise in the price of denim skirt (a substitute for jeans) will make the demand of denim skirt fall to which buyers will switch to the substitute of the skirt which is jeans, hence the demand of jeans will rise.

    hence option B is correct
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “In the market for jeans, which of the following events increases the demand for a pair of jeans? A. The price of denim cloth falls B. The ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers