As the price of jeans rises, how are manufacturers that make and sell jeans likely to respond?

Question

Quizplus · Accepted Answer

Manufacturers are likely to increase production and thus increase the supply of jeans in response to the rising price. This is because there is an opportunity for them to make more profit by selling more jeans at the higher price. Increasing production also helps to meet the increased demand as consumers may still want to purchase jeans despite the higher price.

As the Price of Jeans Rises, How Are Manufacturers That