--%>

Demand and supply problem

Assume that the demand for jeans rises. At similar time, since of an increase in price of cotton, the supply of jeans reduces. How will it influence the price and amount sold of jeans?

Answer: Rise in market demand for jeans all along with a reduction in the supply of jeans must increase the price of jeans and the quantity sold will refuse.

   Related Questions in Microeconomics

  • Q : Slope of ray by origin in price

    The slope of the ray by the origin which is tangent to point b equivalents to: (w) the reciprocal of the price elasticity of demand. (x) P / Q. (y) 0a / 0c. (z) the price elasticity of supply.

    Q : Annual total costs of production When

    When Prohibition Corporation maximizes profit into its production of St. Valentine’s Day software, there annual total costs of it will be around: (1) $180 million. (2) $140 million. (3) $100 million. (4) $80 million. (5) $40 mil

  • Q : Resource market in equilibrium demand

    When the resource market shown in this illustrated figure is initially within equilibrium along with demand curve D0: (w) owners of these resources currently receive no economic rents. (x) economic rent is specified by area

  • Q : Laws and Regulations-caveat emptor I

    I have a problem in economics on Laws and Regulations-caveat emptor. Please help me in the following question. The Latin phrase which means ‘let the buyer beware is: (1) Caveat emptor. (2) Laissez-faire. (3) Fiat justitia and ruat coelum. (4) Epluribus unum. (5)

  • Q : Fixed cost in long run Can there be

    Can there be certain fixed cost in long run? If not why? Answer: No, there can’t be any fixed cost in long run. The main reason is that there is no fixed inpu

  • Q : Total revenue at level of sales and

    HoloIMAGine has patented a holographic technology which makes 3-D photography obtainable to consumers. The level of sales and production at that HoloIMAGine would take in its greatest probable total revenue is: (i) output q3

  • Q : Demand curves rightward of potential

    Monopolistically competitive firms advertise in try to shift their: (1) own supply curves leftward. (2) competitors' costs upward. (3) existing customers' demand curves leftward. (4) tax burdens to resource suppliers. (5) potential customers' demand c

  • Q : Question on production possibilities

    Refer to the given diagram. Which of the following positions relative to PP1 would be the most likely to result in a future production possibilities curve of PP3, rather than PP2 ?  1) A. 2) B. 3) C.  4) D.

    Q : Generate additional unit of output

    Assume that a firm has some market power but cannot price discriminate. The change in total revenue while the firm generates an additional unit of output is: (i) a downward-sloping curve below the demand curve. (ii) z

  • Q : Quantity sold of total revenue of pure

    Total revenue of a pure competitor is its quantity sold that is multiplied by its: (w) profit per unit. (x) price per unit. (y) average variable cost. (z) overhead cost per unit. Can someone explain/help me with be