During a six-month. The price of a popular shoe rises from $28-$39 a pair during this six-month period demand for the shoe is probably going to do what?

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1219130

2026-04-11 23:00

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As the price of the popular shoe rises from $28 to $39, the demand for the shoe is likely to decrease. According to the law of demand, higher prices typically lead to lower quantities demanded, as consumers may seek cheaper alternatives or reduce their overall spending on shoes. Additionally, the increase in price may make the shoe less accessible to some buyers, further contributing to a decline in demand.

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