Hugo Boss is a designer label (known throughout the world mostly for quality men
ID: 1213250 • Letter: H
Question
Hugo Boss is a designer label (known throughout the world mostly for quality men's clothing).
All other things being equal, what will be the effect on the EQUILIBRIUM PRICE of Hugo Boss clothing if it becomes a more fashionable and popular brand of clothing (because a very popular actor is seen wearing this brand on a regular basis)?
Equilibrium price would decrease
Equilibrium price would increase
Equilibrium price would remain the same
9.)
All other things being equal, what will be the effect on the EQUILIBRIUM QUANTITY of Hugo Boss clothing if it becomes a more fashionable and popular brand of clothing (because a very popular actor is seen wearing this brand on a regular basis)?
Equilibrium quantity would decrease
Equilibrium quantity would increase
Equilibrium quantity would remain the same
What concept best describes the actual quantity sold of a particular product in a competitive market?
The origin
The SUPPLY curve
The DEMAND curve
The equilibrium quantity
A.Equilibrium price would decrease
B.Equilibrium price would increase
C.Equilibrium price would remain the same
Explanation / Answer
Hugo Boss is a designer label.All other things being equal, what will be the effect on the EQUILIBRIUM PRICE of Hugo Boss clothing if it becomes a more fashionable and popular brand of clothing
Because it would then have a snob appeal.
Equilibrium price would increase
Equilibrium quantity would increase
The equilibrium quantity
B.Equilibrium price would increase
B.Equilibrium quantity would increase
D.The equilibrium quantity
Related Questions
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.