An increase in the price of jeans will make the production of jeans more attractive. As a result Trendz will shift its resources from shirts to jeans.It will shift the supply curve of shirts towards left.
Trendz produces both jeans and shirts. How will an increase in the price of jeans affect the supply curve of shirts?
Answers
Satish
An increase in the price of jeans will make the production of jeans more attractive. As a result Trendz will shift its resources from shirts to jeans.It will shift the supply curve of shirts towards left.