Explain how each of the following events changes the demand for or

Explain how each of the following events changes the demand for or.

Explain how each of the following events changes the demand for or supply of jeans:

A new technology reduces the time it takes to make a pair of jeans


The price of the cloth (denim) used to make jeans falls.

The wage rate paid to garment workers increases

The price of a denim skirt doubles

 

People’s income increases

Explain how each of the following events changes the demand for or

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