An unusually warm winter shifts the

Name: An unusually warm winter shifts the
Brand: Quizplus
Rating: 4.7 (45 reviews)

Question

Quizplus · Accepted Answer

An unusually warm winter would mean that people need gloves less, which would result in a decrease in demand for gloves, shifting the demand curve leftward. This would result in a decrease in the equilibrium price and quantity of gloves. It would not affect the supply curve of gloves, so choices A and D can be eliminated. It would also not lead to an increase in demand for gloves, so choice B can also be eliminated.

An Unusually Warm Winter Shifts the