How has the growing popularity of factory outlet stores affected the market for clothing at retail department stores?
A)the demand curve for clothing at retail department stores shifts to the right.
B)the demand curve for clothing at retail department stores shifts to the left.
C)the supply curve for clothing at retail department stores shifts to the right.
D)the supply curve for clothing at retail department stores shifts to the left.

Question

Quizplus · Accepted Answer

The growing popularity of factory outlet stores provides consumers with alternative options to purchase clothing at lower prices, which may lead to a decrease in demand for clothing at retail department stores. As a result, the demand curve for clothing at retail department stores shifts to the left.

How Has the Growing Popularity of Factory Outlet Stores Affected