If the price of cotton used in making trousers increases,then the supply curve for trousers will shift to the left.

Name: If the price of cotton used in making trousers increases,then the supply curve for trousers will shift to the left.
Brand: Quizplus
Rating: 4.9 (45 reviews)

Question

Quizplus · Accepted Answer

A higher price of cotton increases the cost of producing trousers, leading to a decrease in supply as clothing manufacturers produce fewer trousers to maintain profitability. This causes the supply curve for trousers to shift to the left.

If the Price of Cotton Used in Making Trousers Increases,then