--%>
Assignment Help - homework help

Demand and supply problem

Assume that the demand for jeans rises. At similar time, since of an increase in price of cotton, the supply of jeans reduces. How will it influence the price and amount sold of jeans?

Answer: Rise in market demand for jeans all along with a reduction in the supply of jeans must increase the price of jeans and the quantity sold will refuse.

   Related Questions in Microeconomics

  • Q : Inequality in the distribution of income

    Increased inequality within the distribution of income into the United States since around 1975 is least attributable to: (1) baby boomers becoming adults. (2) a shift from manufacturing to service industries. (3) the rising percentage of households h

    		•
  • Q : Existence of Diseconomies I have a

    I have a problem in economics on Existence of Diseconomies. Please help me in the following question. Diseconomies of the scale exist if: (1) Price reduces as more units are sold. (2) Total costs reduction as output raise. (3) Average costs raise as output rises. (4)

    		•
  • Q : Amount of goods or resource under

    The amounts of a good or resource which sellers will offer beneath different conditions are termed as its: 1) Supply. (2) Availability. (3) Market. (4) Equilibrium. (5) Surplus. Find out the right answer from the above options.

    		•
  • Q : Law of Demand in respect to relative

    I have a problem in economics on Law of Demand in respect to relative price. Please help me in the following question. The law of demand defines that as: (1) Absolute prices rise, quantity demanded raises. (2) Relative prices raise, quantity demanded

    		•
  • Q : Higher income elastic demand for

    For environmental quality the demand is income elastic for most people, that implies that prosperity and higher incomes tend to: (w) increase people’s concerns about air, water, and noise pollution. (x) reduce efforts to solve pollution problems

    		•
  • Q : Wage Differentials I have a problem in

    I have a problem in economics on Wage Differentials. Please help me in the following question. The major determinants of the wage differentials comprise: (1) General human capital needs. (2) Working conditions. (3) Occupational crowding (4) Specific h

    		•
  • Q : Define Visible items in BOP Visible

    Visible items: All kinds of goods that are exported and imported are termed as visible items. These are visible as such are made up of some matter or material. The record of such items is obtainable with the ports. Illustrations: Tea, Jute items, Petr

    		•
  • Q : Analytic time and profit maximization

    Firm A in below illustration of figure maximizes profit and is: (1) demonstrated as operating in the long run. (2) capable of reaping economic profit of P2P1de, since only in the short run. (3) incurring economic losses equivalent to fixed costs of P3

    		•
  • Q : Competition and Labor Markets Can

    Can someone please help me in finding out the accurate answer from the following question. With similar market demand for its product and similar market labor supply curve, employment will be maximum when the firm is: (1) Pure comp

    		•
  • Q : Graphical explanation of production

    The production possibilities frontier graphically demonstrates the: (i) Production limitations which confront the society. (ii) Benefits inherent in the capitalistic economy. (iii) Social selections available if technology is boundless. (iv) Structura

    		•