The price (P) of designer jeans is affected by the supply (S) and the demand (D). Which of these can cause an increase in the price of designer jeans?

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asked Feb 6, 2021 25.1k views

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Michael Victor · Answer 1 · 2021-02-12T06:25:47+0000

Answer:

Demand

Step-by-step explanation:

As stated by the law of demand, the higher the price the lower the quantity demanded and verse versa so if demand increased significantly for a good the sellers may to increase the price to earn more revenue.

The price (P) of designer jeans is affected by the supply (S) and the demand (D). Which of these can cause an increase in the price of designer jeans?

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