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:

Note

A written promise to pay a specified amount of money at a certain time, often used in finance as a type of informal loan agreement or debt instrument.

Nonnegotiable

indicates an item that cannot be transferred or assigned to another party through endorsement or delivery.

Purchase Price

The amount of money paid or to be paid by the buyer to acquire ownership of a good, service, or property.

Federal Law

Legislation enacted by the national government of a country; in the United States, laws passed by Congress and signed by the President.