Figure 3.4:
-Which panel of Figure 3.4 represents the changes in the market for hip-hugger jeans when U.S.college students decide hip huggers look really good and a large quantity of cheap hip-hugger jeans are imported into the United States?

Question

Figure 3.4: 
-Which panel of Figure 3.4 represents the changes in the market for hip-hugger jeans when U.S.college students decide hip huggers look really good and a large quantity of cheap hip-hugger jeans are imported into the United States?

Quizplus · Accepted Answer

The correct answer is A because the demand for hip-hugger jeans increases, and the supply of hip-hugger jeans increases, which is represented by a rightward shift of the demand curve and a rightward shift of the supply curve.

Figure 3.4: -Which Panel of Figure 3.4 Represents the Changes in the Changes