The market for leather shoes is in equilibrium, then a new leather tanning techn

Question

The market for leather shoes is in equilibrium, then a new leather tanning technique is invented, at the same time popularity of wearing leather shoes increases, this will cause equilibrium price and quantity to A) Equilibrium price to rise and equilibrium quantity to be indeterminate B) equilibrium price to fall and equilibrium quantity to be indeterminate C) Equilibrium quantity to rise and equilibrium price to be indeterminate D) Equilibrium quantity to fall and equilibrium price to be indeterminate E) Both equilibrium price and quantity to rise

Explanation / Answer

A) Equilibrium price to rise and equilibrium quantity to be indeterminate

Related Questions

Navigate

• Browse (All)
• Browse T
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.