Two months ago, the Maryville Shirt company sold 2000 shirts at $30 per shirt. Last month the company raised its price to $35 per shirt and sold 3000 shirts. Evidently the company experienced a(n):

Question

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The increase in price from $30 to $35 resulted in the company selling more shirts (3000 compared to 2000). This indicates an increase in demand, as consumers were still willing to purchase the shirts at a higher price.

Two Months Ago, the Maryville Shirt Company Sold 2000 Shirts