Ask Question
BusinessBusiness
19 December, 04:17

Suppose people decide they no longer like striped shorts but they love plaid shorts. As a result,

a. supply of striped shorts will decrease and shift to the right.

b. supply of striped shorts will decrease and shift to the left.

c. supply of striped shorts will increase and shift to the left.

d. quantity supplied of striped shorts will decrease.

e. quantity supplied of striped shorts will increase.

+4
Answers (1)
  1. 19 December, 04:28
    0
    The correct answer to the following question is option D) quantity supplied of striped shorts will decrease.

    Explanation:

    Here as people's preference changes from striped shorts to plaid shorts, then the quantity supplied of stripped shorts will decrease and quantity supplied of plaid shorts will increase. Here the supply curve of striped shorts will not decrease because here there has been no increase or decrease in the production cost of shorts due to the change in people's preference, and if there is no change in the production cost of the striped short then how the supply curve would change and that; s why op
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Suppose people decide they no longer like striped shorts but they love plaid shorts. As a result, a. supply of striped shorts will decrease ...” 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
You Might be Interested in
When the cost of the cpi market basket increases from one year to the next we know that?
Answers (1)
the total debt to assets of logan company was 0.71. the total of logans assets was 270,000. the amount of total debt is.
Answers (1)
Each employee or customer who uses a computer in a large business is which kind of user?
Answers (1)
Why do some companies use travel agent to set up their travel arrangements
Answers (1)
Oxley contracts to buy a pizza oven from Restaurant Supplies Warehouse (RSW) for $2,500, but RSW fails to deliver. Oxley buys the appliance else-where for $3,500. Oxley's measure of damages is : $1,000. $1,000 plus incidental damages.
Answers (1)
New Questions in Business
Gaston owns equipment that cost $17,000 with accumulated depreciation of $3,400. Gaston sells the equipment for $12,200.
Answers (1)
If the supply of loanable funds exceeds the demand then borrowers will bid up the interst rate. True / False.
Answers (1)
The scientific method begins with A. the development of a formal hypothesis. B. the gathering of information. C. the identification of a problem for investigation. D. methodical observation of a phenomenon of interest.
Answers (1)
Charles loves watching downton abbey on his local public tv station, but he never sends any money to support the station during its fundraising drives. economists would call charles afree rider.
Answers (1)
Georgina is the owner of a company called piquant (which means having a pleasantly sharp taste or appetizing flavor).
Answers (1)
Home » Business » Suppose people decide they no longer like striped shorts but they love plaid shorts. As a result, a. supply of striped shorts will decrease and shift to the right. b. supply of striped shorts will decrease and shift to the left. c.
Sign Up Forgot Password?