Simply put, economists approach fashion in terms of:
A) projective modelling programs
B) social exchange theory
C) trend analysis
D) supply and demand
E) conspicuous consumption

Question

Quizplus · Accepted Answer

Supply and demand is a fundamental economic concept that explains how the price of a good or service is determined by the interaction of supply and demand. In the context of fashion, supply and demand can be used to explain why certain trends become popular, why some items are more expensive than others, and how the fashion industry responds to changes in consumer preferences.

Simply Put, Economists Approach Fashion in Terms Of