As the price of jeans rises, manufacturers that make and sell jeans are likely to
A) decrease production and thus decrease the supply.
B) increase production and thus increase the supply.
C) do nothing to influence the available supply of jeans.
D) discontinue producing jeans in favour of a different product.
E) increase production to influence the demand for jeans.

Question

Quizplus · Accepted Answer

As the price of jeans rises, manufacturers are likely to increase production to take advantage of higher prices, thus increasing the supply.

As the Price of Jeans Rises, Manufacturers That Make and Sell