Suppose that jeans that were fashionable in the 1990s become unfashionable today. If other factors were held constant, then there would be in the market of jeans
A) a rightward movement along the supply curve.
B) a rightward shift of the demand curve.
C) a leftward shift in the demand curve.
D) a leftward movement along the supply curve.
Answer: C
Economics
You might also like to view...
Which of the following is not a typical customer in the retail market for foreign exchange?
a. A small company b. A tourist c. A central bank d. An individual investor e. All of the above are usually retail customers in the foreign exchange market.
Economics
What are the differences between competition in a purely competitive industry and competition in an industry with technological advance and innovation?
What will be an ideal response?
Economics