The wages for Nike workers increases.At the same time,we see the price for Adidas shoes increase.This would cause the price for Nike shoes_____________ and the quantity demanded for Nike shoes ____________.

Question

​The wages for Nike workers increases.At the same time,we see the price for Adidas shoes increase.This would cause the price for Nike shoes_____________ and the quantity demanded for Nike shoes ____________.

Quizplus · Accepted Answer

The increase in wages for Nike workers would likely lead to an increase in the cost of producing Nike shoes, potentially causing the price for Nike shoes to increase. With the price of Adidas shoes also increasing, consumers' choices between the two brands may not significantly change, making the quantity demanded for Nike shoes uncertain.

​The Wages for Nike Workers Increases

The Wages for Nike Workers Increases