Question: The wages for Nike workers increases. At the same time, we see the price for a substitute shoe, Adidas, increases. How does this affect the
The wages for Nike workers increases. At the same time, we see the price for a substitute shoe, Adidas, increases. How does this affect the market for Nike shoes?
a.The demand curve will shift to the right; the supply curve will shift to the right
b.The demand curve will shift to the left; the supply curve will shift to the left
c.The demand curve will shift to the right; the supply curve will shift to the left
d.The demand curve will shift to the left; the supply curve will shift to the right
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