The supply curve slopes upward because at a higher price, producers have to produce more. The price of shirts declines dramatically. Javier now feels richer and buys more shirts than he normally would.

My account
Edit my Profile
Private messages
My favorites

Ask a Question
Questions
Unanswered
Tags
Categories
Ask a Question

asked Jun 17, 2023 58.8k views

1 vote

The supply curve slopes upward because at a higher price, producers have

to produce more.
The price of shirts declines dramatically. Javier now feels richer and buys more shirts than he normally would. This
situation is an example of the

History
high-school

OutOfBound asked

by OutOfBound

6.8k points

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

4 votes

Answer:

Income effect!

Step-by-step explanation:

I hope this helps!

Rutger Kassies answered Jun 23, 2023

by Rutger Kassies

7.2k points

0 Comments

Please log in or register to add a comment.

Ask a Question

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

7.8m questions

10.5m answers

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

0 Comments

Please log in or register to add a comment.

Other Questions