johnnyhalusewa
15.02.2021 •
Social Studies
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 equilibrium price of the shoes would quickly decrease. B. The quantity of shoes supplied would greatly increase О C. The total demand for the shoes would quickly increase. D. The substitution effect for the shoes would quickly decrease.
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Ответ:
B
Explanation:
The factory would most likely take advantage of this situation, and try to sell more of the shoes at a higher price, for the greater profit.
A,B and D do not make sense as the factory would then either be making less money or not profiting at all.
Ответ:
B. The quantity of shoes supplied would greatly increase.
Explanation:
It was right on A p e x
Ответ: