How does an unusually warm winter affect the equilibrium price and quantity of gloves?

Name: How does an unusually warm winter affect the equilibrium price and quantity of gloves?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

An unusually warm winter would lead to a decrease in the demand for gloves, as people would not need to use them as much. This would shift the demand curve to the left, resulting in a lower equilibrium price and quantity. Therefore, choice B is the correct answer.

How Does an Unusually Warm Winter Affect the Equilibrium Price