How Has the Growing Popularity of Factory Outlet Stores Affected

question 5

Multiple Choice

How has the growing popularity of factory outlet stores affected the market for clothing at retail department stores?

• A)the demand curve for clothing at retail department stores shifts to the right.
• B)the demand curve for clothing at retail department stores shifts to the left.
• C)the supply curve for clothing at retail department stores shifts to the right.
• D)the supply curve for clothing at retail department stores shifts to the left.

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Definitions:

Ad Valorem Duty

A tax charged as a percent of the value of the item.

Foreign Manufacturer

A company that produces goods in a country other than where the goods are sold or consumed.

Danish Krone

The recognized monetary unit of Denmark, which is also utilized in Greenland and the Faroe Islands.

British Pound

The currency of the United Kingdom, represented as GBP (£).