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The price (P) of designer jeans is affected by the supply (S) and the demand (D). Which of these can cause an increase in the price of designer jeans?
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The price (P) of designer jeans is affected by the supply (S) and the demand (D). Which of these can cause an increase in the price of designer jeans?

User Anaphory
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1 Answer

4 votes

Answer:

Demand

Step-by-step explanation:

As stated by the law of demand, the higher the price the lower the quantity demanded and verse versa so if demand increased significantly for a good the sellers may to increase the price to earn more revenue.

User Michael Victor
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