What are likely to be the effects on the DEMAND for leather if there is: a) A rise in the price of leather b) A rise in the price of PVC (plastic) c) A government restriction on the use of leather 11 d) A change in consumers preference in favour of leather pants and skirts e) An improvement in the quality of leather
What are likely to be the effects on the DEMAND for leather if there is: a) A rise in the price of leather b) A rise in the price of PVC (plastic) c) A government restriction on the use of leather 11 d) A change in consumers preference in favour of leather pants and skirts e) An improvement in the quality of leather
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Question 1
What are likely to be the effects on the DEMAND for
leather if there is:
a) A rise in the price of leather
b) A rise in the price of PVC (plastic)
c) A government restriction on the use of leather
d) A change in consumers preference in favour of leather
pants and skirts
e) An improvement in the quality of leather
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