A10 Julie owns and operates a clothing store in Topeka which sells t-shirts with graphicsfrom popular shows like Game of Thrones and Stranger Things. Suppose consumertastes change and they no longer find t-shirts for a particular show as appealing asthey do now. What impact will this change in tastes have on the market for these t-shirts?O It will increase the demand for the t-shirts resulting in lowe prices.It will decrease the demand for the t-shirts resulting in lower pricesItwill decrease the supply for the t-shirts resulting in lower pricesIt will increase the demand for the t-shirts resulting in higher prices. If there is a shortage of apartments in an unregulated market (no price controll, wewould expectO Market prices to increase, thereby eliminating the shortagePrices will be unchanged and firms will increase supply until the shortage iseliminated.Market prices to decrease, thereby eliminating the shortagePrices will be unchanged and consumer will decrease demand until the shortageis eliminated.Julle owns and operates a clothing store in Topeka which selts t-shirts with graphicsfrom popular shows like Game of Thrones and Stranger Things Suppose consumer.tastes change and they no longer find t-shirts for a particular show as appealing as

Here, it is given that the taste and preference of consumers changes as they no longer consider the…

Julie owns and operates a clothing store in Topeka which sells t-shirts with graphics from popular shows like Game of Thrones and Stranger Things. Suppose consumer tastes change and they no longer find t-shirts for a particular show as appealing as they do now. What impact will this change in tastes have on the market for these t shirts? O It will increase the demand for the t-shirts resulting in lowe prices. It will decrease the demand for the t-shirts resulting in lower prices It will decrease the supply for the t-shirts resulting in lower prices It will increase the demand for the t-shirts resulting in higher prices.

Julie owns and operates a clothing store in Topeka which sells t-shirts with graphics from popular shows like Game of Thrones and Stranger Things. Suppose consumer tastes change and they no longer find t-shirts for a particular show as appealing as they do now. What impact will this change in tastes have on the market for these t shirts? O It will increase the demand for the t-shirts resulting in lowe prices. It will decrease the demand for the t-shirts resulting in lower prices It will decrease the supply for the t-shirts resulting in lower prices It will increase the demand for the t-shirts resulting in higher prices.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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