Asked by David Adamovich on Apr 25, 2024
The demand curve for running shoes has shifted to the right.What could have caused it?
A) a fall in the price of running shoes
B) an increase in the price of running shoes
C) an increase in the supply of running shoes
D) an increased enthusiasm among the population for running as exercise
Demand Curve
A chart that illustrates the connection between a product's price and the amount consumers are willing to buy, usually showing a decline as prices increase.
Running Shoes
Footwear designed specifically for running, featuring cushioning and support to protect the feet and enhance performance.
Enthusiasm
A feeling of energetic interest in a particular subject or activity and an eagerness to be involved in it.
- Scrutinize how external elements affect the demand and supply of goods in the market.
Learning Objectives
- Scrutinize how external elements affect the demand and supply of goods in the market.
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