Question

The chart shows a combined supply and demand schedule.

According to this table, what will happen when the price of a pair of shoes rises from $100 to $125?


a decrease in demand due to scarcity
an increase in demand due to an increase in supply
an increase in demand due to changing economic factors
an increase in price due to an increase in demand

Answer 1

the answer is "an increase in price due to an increase in demand"

Answer 2

• An increase in price due to an increase in demand.

Step-by-step explanation:

At the point when a cost of a specific item builds, more shoppers would feel that the penance that they have to make to acquire that item turned out to be heavier.

This would influence them to lessen the use of the items and apportion their salary to purchase something different.