Which of the Following Would Lead to an Increase in the Demand

question 32

Multiple Choice

Which of the following would lead to an increase in the demand for designer blue jeans?

• A) a decrease in the price of designer blue jeans
• B) a reduction in the price of the cotton used to produce the jeans
• C) an increase in the income of youthful Americans
• D) an increase in the price of the cotton used to produce the jeans

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Definitions:

Demand Curve

A graph displaying the relationship between the price of something and the quantity demanded at those prices.

Labor Productivity

Labor productivity measures the output of goods and services per unit of labor input, indicating the efficiency and effectiveness of the workforce.

Elasticity Coefficient

A measure of how much the quantity demanded or supplied of a good responds to a change in price, income, or other variables.

Inelastic

A situation where the demand or supply of a good or service is not significantly affected by changes in price.