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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