The supply curve in Figure 3P-2 shows the monthly market for sweaters at a local craft market.
Question:
a. The price of wool increases.
b. Demand for sweaters decreases.
c. A particularly cold winter is expected to begin next month.
d. Demand for sweaters increases.
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a This is a change in a nonprice determinant The supply will shift left b A decreas...View the full answer
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