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16 March, 09:22

Company 1 has a market share of over fifty percent of the basketball shoe market. The rest of the market is divided between several companies, including Company 2. Recently, Company 2 signed several popular athletes to five-year endorsement deals. Which graph illustrates the likely change in consumer demand for Company 2's basketball shoes over the next five years?

A an increase in supply

B a decrease in supply

C an increase in demand

D a decrease in demand

E an increase in equilibrium price

Fa decrease in equilibrium price

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Answers (1)
  1. 16 March, 11:34
    0
    the answer is

    increase in supply

    increase in demand

    an increase in equilibrium price
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