A shoe factory sells a certain brand of shoes for $50 per pair. After a celebrity
is seen wearing the shoes at an awards show, demand for the shoes goes up
rapidly. As a result, the factory is able to increase the price to $300 per pair.
According to the law of supply, what would you expect to happen next?
O A. The factory would try to decrease demand for the shoes.
O B. The factory would try to increase its supply of the shoes.
O C. The factory would decrease the quantity supplied of the shoes.
O D. The factory would try to lower the equilibrium price for the shoes.
Business
Views: 0 Asked: 12-04 10:25:00
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