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tester [92]
3 years ago
11

According to this table, what will happen when the price of a pair of shoes rises from $100 to $125? a decrease in demand due to

scarcity an increase in demand due to an increase in supply an increase in demand due to changing economic factors an increase in price due to an increase in demand
Business
1 answer:
Ipatiy [6.2K]3 years ago
5 0

To answer this problem, we would need to have the table.

Anyway, let us dissect the given choices one by one.

 

a decrease in demand due to scarcity

- scarcity is lack of supply, there is no relationship between price and scarcity

 

an increase in demand due to an increase in supply

-no relationship with price

 

an increase in demand due to changing economic factors

-what are the factors?

 

an increase in price due to an increase in demand

-when the demand is high, suppliers tend to increase the price to gain more profit, so I think this is the answer

 

Answer:

an increase in price due to an increase in demand

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