Asked by Haley Rose Owens on Sep 24, 2024
The wages for Nike workers increases.At the same time,we see the price for Adidas shoes increase.How does this affect the market for Nike shoes?
A) The demand curve will shift to the left;the supply curve will shift to the left
B) The demand curve will shift to the left;the supply curve will shift to the right
C) The demand curve will shift to the right;the supply curve will shift to the left
D) The demand curve will shift to the right;the supply curve will shift to the right
Demand Curve
A graph representing the relationship between the quantity of a good that consumers are willing and able to purchase and its price.
Supply Curve
A graphical representation showing the relationship between the price of a good and the quantity of that good that suppliers are willing to produce and sell.
Nike
A global corporation specializing in the design, development, and worldwide marketing of footwear, apparel, equipment, and accessory products.
- Investigate the effect of income variations on consumer behavior.
- Comprehend the effects of variations in salaries and input costs on market prices and the quantities of goods supplied and demanded.
Learning Objectives
- Investigate the effect of income variations on consumer behavior.
- Comprehend the effects of variations in salaries and input costs on market prices and the quantities of goods supplied and demanded.