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Kathleen Cervantes
on Oct 12, 2024

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An increase in the price of fabric (an input in the production of pants) will tend to

A) decrease the demand for pants.
B) cause a movement along the supply curve for pants.
C) decrease the supply of pants.
D) increase the supply of pants.

Fabric

A material made from fibers, threads, or yarns, used for producing clothing, household items, and other textiles.

Supply Curve

A graphical representation showing the relationship between the price of a good or service and the quantity of that good or service that a seller is willing and able to supply in the market.

  • Understand the influence of production costs on the availability of goods.
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Precious GalangOct 17, 2024
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