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Using demand and supply curves,show how …

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Using demand and supply curves,show how an increase in the price of shoes affect the price of socks and number of socks bought and sold??

Posted by Rahul Batra 7 years ago

CBSE > Class 12 > Economics

2 answers

Rahul Batra 7 years ago

Nx a lot

Risika Nath 7 years ago

Curve will b as usual. As the price of shoe is rising then accordimg to law of demand the demand of the shoe will decrease accordingly the demand of socks will also decrease bt according to law of supply the supply of shoe n socks will increase and then the sellee will decrease its price n the prics will decrease till it comes to the equilibrium price

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