Past month jones hat corporation sold 100 hats at 10 each., Ask an Expert

Economics

Past month Jones Hat Corporation sold 100 hats at $10 each. This month it increased the value of hats to $11 and sold 101 hats. This result indicates
Question 4 answers

-that another factor, such as income, changed, shifting the demand curve for hats to the right.

-the demand curve for hats is upward sloping.

-the law of demand is violated.

-another factor, such as income, changed, shifting the demand curve to the left.

-the supply curve of hats shifted upward.

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9309367

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