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:

Projected Selling Price

The anticipated price at which a product is expected to be sold in the future, considering factors such as cost, market demand, and competition.

Unnecessary Costs

Expenses that do not add value to the product or service and could be eliminated without affecting the quality or output.

Variable Factory Overhead

This includes costs of factory operations that vary directly with the volume of output, such as utilities and supplies used in production.

Fixed Factory Overhead

Regular, consistent costs associated with operating a manufacturing facility that do not fluctuate with production volume.