Suppose that jeans that were fashionable in the 1990s become unfashionable today. If other factors were held constant, then there would be in the market of jeans

Question

Quizplus · Accepted Answer

A change in fashion preferences would cause a decrease in demand for 1990s-style jeans, leading to a leftward shift in the demand curve. This would result in a decrease in both the quantity demanded and price of these jeans, causing suppliers to offer fewer of them. Hence there will be a leftward movement along the supply curve.

Suppose That Jeans That Were Fashionable in the 1990s Become